I am strongly bullish on Canadian Dollar futuresI have opened long positions on the Canadian Dollar Futures and I believe the price will rise to the top of the channel.
6C1! trade ideas
CAD big opportunity!Here is my analysis on the canadian dollar .
A very nice movement to take.
we have the break of the trendline (0.70850) and the pullback.
1st level 0.71860 then direction 0.7330
BE CAREFUL , I love the support trend too, if it's going lower than 0.70375 be careful.
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CAD completed 382 correctionCAD futures has completed a 382 pullback from its impulse wave. Looking at the 4 hour chart now for a long once a more bullish picture emerges
Cad is holding strength The daily chart is showing cad has strength over dollar so I will only long also the one hour chart showed cad gaining strength and crossed over dollar so I will look to long if things go south I will look for a small sl
Cad risingThis is a weekly chart, cad has broken out of downtrend, last time this happened it went up 11% in 3 months. Short USD/CAD.
Selling CADAlgo alerted me of a nice possible bearish set up, im going to take this trade as a hedge against my dollar shorts
Canadian Dollar head and shouldersDecember Canadian Dollar head and shoulders last shoulder developed. Fall below pivot at .75405 may indicate a drop to S2 .74805, minimum height of last shoulder.
Canadian Dollar Futures BullishThe 6C Daily time frame broke the down trend
line and created an up fib extension price point
0.77035 about +279 Ticks away.
Impulsive Waves Construction - Part 3 (02)02)This chart corresponds to the second chart of our educational aticle "Impulsive Waves Construction - Part 3".
Impulsive Waves Construction - Part 3This chart corresponds to our educational aticle "Impulsive Waves Construction - Part 3".
Big Head and Shoulders in Monthly Canadian Dollar ChartThe monthly chart of the Canadian Dollar futures (continuous: current month) shows a giant head-and-shoulders with resistance at the 60-month moving average (low).
Canadian Forex Analysislooking at the daily chart of the canadian futures index (D61!) price is at daily supply so any shorts would be counter trend based on the index chart but maybe not on the pairs.
