FXCCAD is a winner in the upcoming roll-a-coaster. Let's go through the facts a strong economy and a "stable" geopolitical region should go well through all the threats ahead of us in 2022 and 2023.
FXC trade ideas
FXC - Bull Run - Higher LowsSo I bought some cheap 200-day call options already at the money just before the BoC announced they were holding the rates steady of 1.75%. This is against a US fed already doing QE and cutting rates will prove bullish for the CAD. We obviously will see with time, but this market looks good for commodities and a rising CAD.
Note: If the BoC does cut rates in the near future, then my point of view will change on this position accordingly. As long as the Fed keeps cutting and BoC lags too far behind like what is going on currently, I will be bullish though.
Rob Smith - smithintheblack - Quant Edge learning11/26/17 – Bias: Neutral. Conflicted with inside month
of November, inside month up, and outside up week.
4 inside weeks within the bearish month
of August. Week of 11/20, Outside week up. We will
must wait and see what actionable signals December
Brings. A move over 77.86, I would be bullish, and a break
Below 76.90 and then 76.37, I would be more bearish than
bullish.
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Canadian Dollar temporary strength You can see the clear levels as prices dropped and are now rising towards the sell zone. I'm long at this bottom edge of consolidation and will exit at the red line, then reverse and short it.
