The Loonie is approaching the support of 1.2391

February 16, 2015

Sell on a level breakthrough of 1.2391 with 1.2123 target. Stop loss = 1.2450.

Reason for the trading strategy
The rising prices for WTI crude oil to 53.5 dollars provided support for the Loonie. In 2015, market participants expect a reduction in oil production in the US due to a significant reduction in the prices for black gold in the summer of 2014. According to the latest oilfield services company Baker Hughes, the number of active oil wells in the US fell by 7.3% to 1,056 units last week.


Publication source
EXNESS information  EXNESS reviews

December 2, 2016
It's not the jobs numbers
It’s not bee the economy that has been driving the dollar over the past 3 weeks, of that we can be pretty sure. Rather, it’s been expectations of tax cuts and spending increases, together with incentives for dollar repatriation under the new President...
December 2, 2016
OPEC alliance stuck a global agreement
The Oil prices jumped on Wednesday after the organisation members agreed to pare production first time since 2008, to reduce global oversupply, which made the prices collapse by half since mid-2014...
December 2, 2016
Rebound continues in UK construction
The latest data on the UK construction sector was released this morning, and will likely be seen as positive overall as the recovery from the Brexit shock appears to be persisting. Despite this the FTSE 100 is under pressure this morning...

Larson&Holz IT Ltd Rating
Trade360 Rating Trade Rating
Orbex Rating
FxPro Rating
Tickmill Rating

EZTrader Rating
TopOption Rating
OptionFair Rating
OptionBit Rating
OptionsXO Rating
OptionRally Rating