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.