CAD

I've just entered a spur of the moment USD:CAD long at 0.9993 based on some of the following parameters. Firstly, although not a major factor in this decision, this long position has the potential to act as a hedge against my existing GBP:CAD short position (showing a 10 pip profit as I type). Ultimately the real decision for the basis of this trade was made upon

GBP CAD is one pair that really hasn't responded to my previous analysis. I loved the idea of the Daily Ascending Triangle formation that would finally form a break-out from the 12 Month trading range. Thus far, that hasn't come close to materialising and further technical damage has been done since. Because of it's choppy nature and wide spread,

I've been itching to post about my long term outlook for GBP:CAD for ages now and have been running a couple of small trades on and off  the long side for a couple of Months now but haven't reached the level of confidence required to really jump into these in size or with real commitment. Now that might be changing and here I present you with a trio of trading opportunities to make the most out of a bearish Canadian Dollar.