Trading Week #3, 2023: CAD Futures Expected to be DOWNThis is Trading Week #3 (Jan 16-20) 2023. For the past 15 years (2017-2022), CAD Futures was down 13 years (86%) of time! Get ready to SHORT on Monday if price drops below the low of Week #2 trading range at 0.7431.Shortby weekly_odds1
CAD FUTURES UPDATE CAD FUTURES BOS happened on this currency yesterday to the downward trajectory and attempting to break yet another structure to the up side,my best is we could see a sell off in the purple supply zone but first i'd wait for confirmation on lower time frame. #REDFOXXX #PROF.PIPSby Brilliant_Brian_Tha_Brainiac0
NO HOPE FORDANADIAN DOLLAR CAD FUTURES! Its apparent this Currency is in a downward spiral, most especially after taking out 4Hrs structure and maintaining the trendline which is liquidity and now I find price in the first supply zone that is only signaling one thing....SELL SELL SELL! GL #REDFOXXX #PROF.PIPSShortby Brilliant_Brian_Tha_Brainiac0
CAD Bull to bearLows are being equal, highs are getting closer, looking at possible bullish movement to fill imbalances then a big move down. by Kylee_Gavia0
CAD Dollar Futures November IPDAHello Traders! This is opposite to what we can see in USD/CAD. Would like to see Cad weaken and Dollar Strength over the next coming weeks. Shortby ForensicForex114
Call Credit Spread on /6CCall Credit Spread Symbol: /6C Expiration Date: 10/07/22 Days to Expiration: 10 Opening Options: Buy 0.7527 Call Sell 0.7450 Call Probability of Profit: 80% Max Loss: $530 Max Profit: $110 Shortby WilliamHRT0
Call Credit Spread on /6CCall Credit Spread Symbol: /6C Expiration Date: 10/07/22 Days to Expiration: 21 Opening Options: Buy 0.7725 Call Sell 0.7650 Call Probability of Profit: 78% Max Loss: $630 Max Profit: $110Shortby WilliamHRTUpdated 0
Call Credit Spread on /6CCall Credit Spread Symbol: /6C Expiration Date: 09/09/2022 Days to Expiration: 16 Opening Options: 1 Call at 1.7875 -1 Call at 1.7800 Probability of Profit: 75% Max Loss: $620 Max Profit: $130Shortby WilliamHRTUpdated 111
MICRO CAD/USD FUTURES (MCD1!), H4 Potential for Bearish DropType : Bearish Drop Resistance : 0.7696 Pivot: 0.7645 Support : 0.7559 Preferred Case: On the H4, with price trendline and moving below the ichimoku indicator,we have a bearish bias that price may drop from pivot at 0.7645 where the swing low support is. Should price break pivot structure, we would expect bearish momentum to carry price to 1st support at 0.7559 where the1st support and 100% fibonacci projection are. Alternative scenario: Alternatively, price could rise to 1st resistance at 0.7696 in line with 23.6% fibonacci retracement . Fundamentals: During the Jackson Hole symposium, Fed Chair Powell indicated that more rate hikes were coming and that the Feds could continue lifting rates sharply for some time as it combats to bring inflation towards its target level, which made DXY strengthened and gained against all the other currencies.by Tickmill0
MICRO CAD/USD FUTURES (MCD1!), H4 Potential for Bearish DropType : Bearish Drop Resistance : 0.7696 Pivot: 0.7645 Support : 0.7559 Preferred Case: On the H4, with price trendline and moving below the ichimoku indicator,we have a bearish bias that price may drop from pivot at 0.7645 where the swing low support is. Should price break pivot structure, we would expect bearish momentum to carry price to 1st support at 0.7559 where the1st support and 100% fibonacci projection are. Alternative scenario: Alternatively, price could rise to 1st resistance at 0.7696 in line with 23.6% fibonacci retracement. Fundamentals: During the Jackson Hole symposium, Fed Chair Powell indicated that more rate hikes were coming and that the Feds could continue lifting rates sharply for some time as it combats to bring inflation towards its target level, which made DXY strengthened and gained against all the other currencies.Shortby Genesiv0
CANADIAN DOLLAR FUTURES (6C1!), H4 Potential for Bullish RiseType : Bullish Rise Resistance : 0.77970 Pivot: 0.77300 Support : 0.76465 Preferred Case: On the H4, with prices moving within an ascending channel and above the ichimoku indicator, we have a bullish bias that price will rise from the pivot at 0.77300 where the overlap support is to the 1st resistance at 0.77970 where the swing high resistance is. Alternative scenario: Alternatively, price could break pivot structure and drop to the 1st support at 0.76465 where the overlap support, 61.8% fibonacci retracement and 78.6% fibonacci projection are. Fundamentals: Stronger than anticipated Canadian sales data on Friday helped to balance out the DXY's volatility , allowing USDCAD to trade in consolidation below 1.29. The USDCAD is projected to trade lower because to the recent drop in energy prices and the weakening in the DXY . This gives us a weak bullish view of the Canadian Dollar .by Tickmill0
CANADIAN DOLLAR FUTURES (6C1!), H4 Potential for Bullish RiseType : Bullish Rise Resistance : 0.77970 Pivot: 0.77300 Support : 0.76465 Preferred Case: On the H4, with prices moving within an ascending channel and above the ichimoku indicator, we have a bullish bias that price will rise from the pivot at 0.77300 where the overlap support is to the 1st resistance at 0.77970 where the swing high resistance is. Alternative scenario: Alternatively, price could break pivot structure and drop to the 1st support at 0.76465 where the overlap support, 61.8% fibonacci retracement and 78.6% fibonacci projection are. Fundamentals: Stronger than anticipated Canadian sales data on Friday helped to balance out the DXY's volatility, allowing USDCAD to trade in consolidation below 1.29. The USDCAD is projected to trade lower because to the recent drop in energy prices and the weakening in the DXY. This gives us a weak bullish view of the Canadian Dollar.Longby Genesiv0
6C1! ShortHi Everyone, I'm waiting for Short if the break break the trend-line. Signals: - Price in Resistance. - Main Trend, Bearish . - Close to The top of the Bearish-Channel. Good Bye & Good Trading!!!Shortby Bluetrader_CSC1
CAD Supply And Demand AnalysisSee Chart For Analysis. Feel free to share your thoughts.Shortby MoneyballAustin2
CANADIAN DOLLAR FUTURES (6C1!), H4 Potential for Bearish DropType : Bearish Momentum Resistance : 0.77305 Pivot: 0.76450 Support : 0.75615 Preferred Case: On the H4, with price moving below the ichimoku cloud and within the descending channel, we have a bearish bias that price will rise and drop from the pivot at 0.76450 where the overlap resistance, 50% fibonacci retracement and 100% fibonacci projection are to the 1st support at 0.75615 in line with the swing low support. Alternative scenario: Alternatively, price may break pivot structure and rise to the 1st resistance at 0.77305 where the swing high resistance is. Fundamentals: As a result of the BoC rate increase of 100bps recently, we have a bullish bias on the Canadian Dollar. We'll need to exercise caution for this setup because our fundamentals and technicals are not completely alignedShortby Genesiv0
CANADIAN DOLLAR FUTURES (6C1!), H4 Potential for Bearish DropType : Bearish Momentum Resistance : 0.77305 Pivot: 0.76850 Support : 0.76430 Preferred Case: On the H4, with price moving below the ichimoku cloud and along the descending trendline, we have a bearish bias that price will rise and drop from the pivot at 0.76850 in line with the pullback resistance to the 1st support at 0.76430 where the swing low support, -27.2% fibonacci expansion and 78.6% fibonacci projection are. Alternative scenario: Alternatively, price may break pivot structure and rise to the 1st resistance at 0.77305 where the swing high resistance and 78.6% fibonacci projection are. Fundamentals: The BoC is expected to increase rates to 2.25%, a 75 bps increase, giving us a bullish bias on the Canadian Dollar .by Tickmill0
CANADIAN DOLLAR FUTURES (6C1!), H4 Potential for Bearish DropType : Bearish Momentum Resistance : 0.77305 Pivot: 0.76850 Support : 0.76430 Preferred Case: On the H4, with price moving below the ichimoku cloud and along the descending trendline, we have a bearish bias that price will rise and drop from the pivot at 0.76850 in line with the pullback resistance to the 1st support at 0.76430 where the swing low support, -27.2% fibonacci expansion and 78.6% fibonacci projection are. Alternative scenario: Alternatively, price may break pivot structure and rise to the 1st resistance at 0.77305 where the swing high resistance and 78.6% fibonacci projection are. Fundamentals: The BoC is expected to increase rates to 2.25%, a 75 bps increase, giving us a bullish bias on the Canadian Dollar.Shortby Genesiv0
Canadian Dollar Futures (6C1!), H1 Potential for Bearish DropType : Bearish Momentum Resistance : 0.77125 Pivot: 0.76835 Support : 0.76460 Preferred Case: On the H1, with price moving below the ichimoku cloud , we have a bearish bias that price will rise and drop from the pivot at 0.76835 in line with the overlap resistance and 78.6% fibonacci projection to the 1st support at 0.76460 where the -27.2% fibonacci expansion and swing low support are. Alternative scenario: Alternatively, price may break pivot structure and rise to the 1st resistance at 0.77125 where the pullback resistance, 50% fibonacci retracement and -61.8% fibonacci expansion are. Fundamentals: As sentiment over the BoC increasing rates by 75bps continues to grow, we have a bearish view of the canadian dollar.Shortby Genesiv0
CANADIAN DOLLAR FUTURES (6C1!), H1 Potential for Bearish DropType : Bearish Momentum Resistance : 0.77755 Pivot: 0.77410 Support : 0.76840 Preferred Case: On the H1, with price moving below the ichimoku cloud and along a descending trendline , we have a bearish bias that price will drop from the pivot at 0.77410 in line with the overlap resistance and 23.6% fibonacci retracement to the 1st support at 0.76840 where the swing low support and -61.8% fibonacci expansion are. Alternative scenario: Alternatively, price may break pivot structure and head to the 1st resistance at 0.77755 where the swing high resistance, 100% fibonacci projection , 78.6% fibonacci projection and 61.8% fibonacci retracement are. Fundamentals: Recent Canadian Dollar strength had been slightly reversed with Canadian GDP month-on-month being released at 0.3% (Previous: 0.7%) indicating a slow down in economic activity and growth, giving us a medium bearish view on the Canadian Dollar .by Tickmill0
CANADIAN DOLLAR FUTURES (6C1!), H1 Potential for Bearish DropType : Bearish Momentum Resistance : 0.77755 Pivot: 0.77410 Support : 0.76840 Preferred Case: On the H1, with price moving below the ichimoku cloud and along a descending trendline , we have a bearish bias that price will drop from the pivot at 0.77410 in line with the overlap resistance and 23.6% fibonacci retracement to the 1st support at 0.76840 where the swing low support and -61.8% fibonacci expansion are. Alternative scenario: Alternatively, price may break pivot structure and head to the 1st resistance at 0.77755 where the swing high resistance, 100% fibonacci projection, 78.6% fibonacci projection and 61.8% fibonacci retracement are. Fundamentals: Recent Canadian Dollar strength had been slightly reversed with Canadian GDP month-on-month being released at 0.3% (Previous: 0.7%) indicating a slow down in economic activity and growth, giving us a medium bearish view on the Canadian Dollar.Shortby Genesiv0
CANADIAN DOLLAR FUTURES (6C1!), H1 Potential for Bullish RiseType : Bullish Rise Resistance : 0.78315 Pivot: 0.77760 Support : 0.77475 Preferred Case: On the H1, price is moving above the ichimoku cloud and has broken out of descending trendline which supports our bullish bias that price will rise to the pivot at 0.77760 where the swing high resistance and 38.2% fibonacci retracement are. Once we have upside confirmation, we would expect bullish momentum to carry price to 1st resistance at 0.78315 in line with pullback resistance, 78.6% fibonacci projection and 161.8% fibonacci extension . Alternative scenario: Alternatively, price could drop to 1st support at 0.77475 in line with the overlap support. Fundamentals: As oil prices climb due to the introduction of more sanctions from the G7, and as sentiment for a 75bps rate hike firms, look for the CAD to continue strengthening against the USD, giving us a medium bullish view.by Tickmill1
CANADIAN DOLLAR FUTURES (6C1!), H1 Potential for Bullish RiseType : Bullish Rise Resistance : 0.78315 Pivot: 0.77760 Support : 0.77475 Preferred Case: On the H1, price is moving above the ichimoku cloud and has broken out of descending trendline which supports our bullish bias that price will rise to the pivot at 0.77760 where the swing high resistance and 38.2% fibonacci retracement are. Once we have upside confirmation, we would expect bullish momentum to carry price to 1st resistance at 0.78315 in line with pullback resistance, 78.6% fibonacci projection and 161.8% fibonacci extension . Alternative scenario: Alternatively, price could drop to 1st support at 0.77475 in line with the overlap support. Fundamentals: As oil prices climb due to the introduction of more sanctions from the G7, and as sentiment for a 75bps rate hike firms, look for the CAD to continue strengthening against the USD, giving us a medium bullish view.Longby Genesiv0
CANADIAN DOLLAR FUTURES (6C1!), H1 Potential for Bearish DropType : Bearish Drop Resistance : 0.77455 Pivot: 0.76955 Support : 0.76460 Preferred Case: On the H1, price is moving below the ichimoku cloud and along the descending trendline which gives us a bearish bias that prices will drop to the pivot at 0.76955 where the 50% fibonacci retracement and swing low support are. Once there is downside confirmation that price has dropped to pivot , we would expect bearish momentum to carry prices to 1st support at 0.76460 where the swing low support, 78.6% fibonacci projection and 161.8% fibonacci extension are. Alternative scenario: Alternatively, price may rise to the 1st resistance level at 0.77455 in line with the swing high resistance, 78.6% fibonacci retracement and 78.6% fibonacci projection . Fundamentals: A stronger than expected CPI data (Actual: 1.4% Expected 1.0%) overnight helped the CAD find some strength against the USD. With the CPI data reinforcing market expectation for the BoC to hike rates by 75bps at the next meeting, look for the CAD to continue strengthening into the US session, giving us a medium bullish bias for the canadian dollar.Shortby Genesiv0