CADUSD DAILY outlook same structure XABCD in the pass huge consolidation ...needs to retest back up before selling out to make LL then up again for Higher highs
Canadian Dollar Futures Trading Plan and ExplanationAfter 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 char
Potential Reversal in the Canadian Dollar: Analyzing Supply and 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 observ
#CAD CANADIAN DOLLAR FUTURES:Continuation of selling pressureThe 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.
January 02, 2024 WTI Crude Oil Update 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.
Exploring the Impact of CBDC on Forex Trading in CanadaI 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 a
6CZ3 Short TrudeauShort 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
Canadian Dollar CrashI see a clear Head and shoulders pattern forming which would take prices down to the even number of .70
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A representation of what an asset is worth today and what the market thinks it will be worth in the future.
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Frequently Asked Questions
Buying or selling futures contracts depends on many factors: season, underlying commodity, your own trading strategy. So mostly it's up to you, but if you look for some certain calculations to take into account, you can study technical analysis for Micro CAD/USD Futures. Today its technical rating is sell, but remember that market conditions change all the time, so it's always crucial to do your own research. See more of Micro CAD/USD Futures technicals for a more comprehensive analysis.
The current price of Micro CAD/USD Futures is 0.7278 USD — it has risen 0.17% in the past 24 hours.
The volume of Micro CAD/USD Futures is 2.17 K.
Open interest is the number of contracts held by traders in active positions — they're not closed or expired. For Micro CAD/USD Futures this number is 3.20 K. You can use it to track a prevailing market trend and adjust your own strategy: declining open interest for Micro CAD/USD Futures shows that traders are closing their positions, which means a weakening trend.