Thoughts on the Canadian Dollar Currency Futures by @JimIuorio

TradingPub Admin | October 10, 2012

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Special thanks to Jim Iuorio of Hamzei Analytics for the following guest post on Canadian Dollar Futures traded at the CME.  Jim highlights a daily chart of the December Canadian Dollar (CDZ2).  He says that the current pattern is interesting in that it is forming a pennant within a broader triangle.

A trade above 102.50 constitutes a breakout of both patterns and suggests an updside objective of 103.59.

He is considering a stop entry trade at 102.52, will look to take profits at 103.50 and use a stop loss of a settle below 101.70.

Hamzei Analytics is currently offering a free trial to its Currency Futures Feed.  You can send a follow request to gain access to this trial at the following link:  Gain Access to Currency Futures Feed Trial


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Risk Disclaimer: Past performance is not indicative of future results. Futures trading involves substantial financial risk. Views of guest commentators do not represent those of Article intended for educational purposes only and not meant in anyway as a solicitation to buy or sell certain securities. Please consult your personal financial adviser before using this information for your own trading purposes.