Third quarter 2017 is not over, but nonetheless, the quarterly/macro-price action in the Canadian dollar is in the macro-process of establishing the required Wyckoff price action/steps “for a macro-bull market.”

All fixed income markets are “Long Term Bearish!!” Treasury prices are currently in a decline, within a large trading range. The current decline in prices, within the large trading range, is another necessary step, continuing a multiple step process, which is transitioning toward a long term bear market!

As a Wyckoff trader, who trades markets using my interpretation of “technical analysis” to find trades with both short-term and long-term potential, I have always kept my eye on the U.S. Dollar Index. I do it to find trades, but importantly, I also do it to stay abreast of the always developing and, therefore, always changing but interesting “technical interpretation” of the global economic story.

Review of Richard A. Dickson and Tracy L. Knudsen's "Mastering Market Timing: Using the Works of L.M. Lowry and R.D. Wyckoff to Identify Key Market Turning Points.