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VolumeDayTrader
May 4, 2023 4:32 PM

CADUSD - Accumulation patterns Long

Canadian Dollar FuturesCME GLOBEX

Description

Hi traders
The Canadian dollar draws an accumulative pattern at today's session. We are currently seeing a breakout from the range on a large volume, which suggests taking an upward direction after quite a long consolidation in the European session
Comments
VolumeDayTrader
The chart shows the Canadian Future contract, which is equivalent to USDCAD not CADUSD as on title ;)
I definitely prefer Currency Futures Contract than Forex pairs...
6 favorites:
6E - Euro FX = EUR/USD
6J - Japanese Yen = USD/JPY
6B - British Pounds = GBP/USD
6C - Canadian Dollar = CAD/USD
6S - Swiss Franc = USD/CHF
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