CAD - Futures - 24/4/2024
Updated
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 out and CAD is now showing strength against the Dollar prior to these reports coming out
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 out and CAD is now showing strength against the Dollar prior to these reports coming out
Note
Good news, the CAD trade is currently in profits. We are waiting for NFP and CPI news from the US next week. This trade we maybe holding for 2 to 3 weeksNote
I have officially closed this trade, due to the DXY being so strong. 0.14% lostTrade closed manually
Closed trade due to DXY being strong. only lost 0.17%
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