USDCAD, SHORTS are piling up..BUYERS exiting. prep for DESCEND

USDCAD based on daily data is conveying a significant increase in short positions -- and buyers/LONGS exiting.

Expect some series of descend (downside) from the current price point.

Spotted at 1.36

TAYOR
Safeguard capital always.

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USDCAD moving as planned.

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Moving as planned. Huge sell off from the top.

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Chart Update:

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Resistance touch. More Downside Incoming.

TAYOR.

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DAILY DATA UPDATE:

USD LONGS are fading out. Prep for a signficant price trim-downs.

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Short prospect on this one looks appealing.
Double head bump on top.

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weekly data update:

USD is undergoing a "BULL LINE DETACHMENT" based o weekly data -- meaning a weakening long prospect.

1.362 Spotted.

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Expect more descend in a few weeks.

TAYOR.

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RESET SHORTS.

Comment:

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Daily data update:

Weakening longs spotted based on daily metrics.

Expect some gravitational pull downs from the current peak range.

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Bear weight is back again. Descend continuation in order.

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Danger signal for LONGS.

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BREAKDOWN will continue.
More hefty price trim downs expected with rate cut expectation in June.

TAYOR.

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LONG TERM DATA metrics update:

LONGS are abandoning ship now.
Get ready for a massive breakdown this year.

TAYOR.

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There ya go, a BREAKDOWN.

More descending action is expected from the dollar.

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1h data update:

The breakdown will continue from the current levels.

Next target: Below 1.360

TAYOR.

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so far so good. we'll be under 1.36 soon.