After analyzing options trades on CME, we found a promising opportunity to short Canadian Dollar. The option contract is for April with an expiration date of April 5, 2024.
We noticed an interesting option portfolio on March 22 that aligns with the trigger level on the futures chart (refer to chart). A trigger level is a graphical pattern on the underlying asset...
CAD holds one of the highest non commercial vs commercial positions, it has shown strength last week when there was very positive news in the US and CAD held price between 0.7292 and 0.7229. Creating a pinbar which the price was rejected against going lower.
We have gone into the trade with a 0.5% exposure.
CAD Futures - Last week we had a very strong price rejection which created a weekly pin bar.
but we needed more evidence to support this. This evidence came in a form of Commercials changing positions which is at 91,572 net positions. This is the highest net position in the last 26 weeks.
Also in another weeks time we will have the NFP and CPI reports coming...
Possible long trade on Canadian dollar futures (short USDCAD, same setup upside down)
30min uptrend formed with 200 ema confirming trend direction
Recent swing HH acting as support zone along with 61.8% fib retracement
Volume profile POC closing higher for 4 consecutive days. Yesterdays volume profile closed with POC at the high of day and as a double...
Overview:
In recent trading sessions, the Canadian Dollar (CAD) has displayed weakness, particularly since encountering weekly supply levels. However, there are indications that the CAD might be poised for a turnaround, especially as it approaches a daily demand zone. Analyzing the charts, we observe a potential opportunity for CAD strength, with key technical...
The supply of the 0.7600 level is still ongoing. Due to the selling pressure formed in the price chart, there is a continuation and resumption of the downward trend.
We expect the price to decrease to the level of 0.7200. Demands at this level can change the price upwards.
Greetings Traders! Dive into our 2024 daily insights where we focus on monitoring WTI Crude Oil. Join me as I guide you through the intricacies of daily price movements and strategies to navigate them.
I am reaching out to discuss an intriguing topic that has been gaining significant attention in the financial realm: the potential impact of Central Bank Digital Currency (CBDC) on forex trading in Canada.
As you may be aware, the introduction of CBDC has sparked numerous discussions and debates among forex traders. The purpose of this idea is to delve into the...
Short Trudeau Coin,
Entry date 11/10 expected position exit 11/29, 15 year hit rate 93%. Let's Go.
"hopefully this won't end up like my copper trade...." -KewlKat
The correlation between WTI and Canadian Dollar seems to be breaking down, at least in the short term. Not sure the reasons for this, but posting to hear thoughts. For those unfamiliar with the WTI/CAD correlation, I have added some context.
The Correlation: How Are They Connected?
Commodity-Driven Economy : Canada is known for its abundant natural...
Hello There!
Welcome to my new analysis about the CAD FUTURES on the weekly timeframe perspective. The index recently continued with bearish developments after printing several lower highs. Now important further determinations need to be made as such an bearish price action can activate further continuations if there are no main reversal signs to consider....
6C Futures hit a major support level
Bullish push has already started
**This is just my trading thought process and does not constitute as financial advice.
**Trading with proper risk management.***
Financial Losses: Trading in the Forex market carries the risk of financial loss. It's important to carefully assess your financial situation and only invest funds that you can afford to lose without affecting your lifestyle or essential financial obligations.
This expectation is a framework to look for a potential trading setup; I don't just execute based on these levels, I always wait for confirmations on lower timeframes
This Analysis was done using my complete Strategy which includes:
- Smart Money Concepts
- Multi Timeframe Liquidity and Market Structure
- Supply And Demand
- Auction Theory
- Volume Analysis
-...
