Wednesday, March 20, 2013

Update on Canadian Dollar Futures

My February 28th forecast that Canadian Dollar Futures would appreciate to .9800 within two weeks proved to be spot on.  Futures actually surpassed target and touched .9802 on March 15th, exactly 2 weeks and one day from the forecast date.












Below is how much money per contract you could have made if you had traded on the information I provided in February:

March Canadian Dollar Futures contract ($1,100.00 margin)

BUY: 1 contract at the close of February 28th trading @ .9703
SELL: 1 contract at target of .9800

Profit = 97 ticks or $970.00 minus commissions

On $1,100 margin, that comes out to an 88% ROI in 2 weeks.

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