Get started
AleksandrLombrozo

Do leveraged funds open a way for dovish CAD?

Long
U.S. Dollar / Canadian Dollar (FX:USDCAD)  
AleksandrLombrozo  
FX:USDCAD   U.S. Dollar / Canadian Dollar
Fundamental Analysis Wave Analysis USDCAD COT dollarindex
4
0
fundamental waveanalysis usdcad cot dollarindex
There are several factors for a CAD to lose positions against USD in the coming weeks:
- Look at COT report on the chart, which supports the idea of a weaker CAD. Since the end of July Leveraged funds obviously accumulated some more USD positions and remain in the bullish territory despite a downward trend.
- Bottomming USD index
- Bearish Oil mood which still did not have any influence on CAD
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.