i will keep an eye on the canadian futures market ( daily chart ) for not only supply and demand but also a head and shoulders pattern might be forming. i will check back on the Canadian dollar at the end of the week.

thoughts and analysis welcomed.

Very interesting position Austin! Have you had a look at the COT statistics? The only up to date ones are at logikfx it seems. They could be very useful for your futures positions.
@mattycheung, hye marrtcheung, no i have not looked at the COT reports, you are right it would be a good idea to look into them and ill put that on my list to do this weekend thanks.. for me here on my chart i know it look a lot of buy orders to create that demand and a lot of sell orders to create the supply. i figure the institutions have some orders in that area and i will look to capitalize when price arrives to those levels
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mattycheung MoneyballAustin
@MoneyballAustin, Yes! For Futures market it is extremely useful. Keep a track on oil price aswell as CAD is a major exporter of oil. Hope this helps!
@mattycheung, yup i love using correlations with currency's
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