Canadian Dollar Futures Analysis and Price Predictions
Bullish Scenario: Canadian Dollar Futures Price Prediction for Long Positions
Trigger: A 30-minute candle close above 0.698 will confirm the bullish threshold and activate the long trade. This trigger may occur in approximately 17 minutes from now.Bias: If the long is activated, the Canadian Dollar Futures are likely to test the following profit targets.0.69840 – A quick partial profit target to secure gains early in the move.0.69886 – Near the Value Area Low (VAL) of Friday.0.69895 – At the VWAP of Friday, a key resistance area.0.69920 – A further upside level as bullish momentum builds.0.69990 – Near the highs of Friday, representing the stretch target for today.
Bearish Scenario: Canadian Dollar Futures Analysis for Short Positions
Trigger: A 30-minute candle close below 0.69725, which aligns with the Value Area High (VAH) of January 23rd, will confirm the bearish threshold and activate the short trade.Bias: If the short is triggered, the Canadian Dollar Futures are expected to aim for the following downside profit targets.0.69695 – Positioned just above today’s VWAP.0.69655 – Slightly above the POC of January 23rd.0.69610 – Close to today’s Value Area Low (VAL).0.69565 – Just above the Value Area Low of January 23rd.
Key Trading Insights for Canadian Dollar Futures Analysis
Today’s setup for Canadian Dollar Futures provides flexibility for both bullish and bearish scenarios, enabling traders to adapt as price action unfolds. With profit targets spread across meaningful levels, traders can manage risk effectively while pursuing consistent results.
This analysis is provided for informational purposes only and should not be considered financial advice. Always trade cautiously, adhering to your own risk management rules. Visit ForexLive.com for additional views.
This article was written by Itai Levitan at www.forexlive.com. Read More Details
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