USDCAD: consolidation before the publication of the number of housing starts in Canada

February 9, 2015

USDCAD

Sell on a level breakthrough of 1.2470 with 1.2391 target. Stop loss = 1.2520.

Reason for the trading strategy

Today at 13.15 GMT, the number of housing starts in Canada will be published. The growth rate from 180 thousand to 184 thousand expected in January will probably provide support for the Loonie. At a breakthrough of the 1.2470 support level, opening short positions for the USD/CAD pair is worth considering

USDCAD, H4

Publication source
EXNESS information  EXNESS reviews

December 7, 2016
Oil ma pull back to $40
The oil price fell for the first time in 4 days today as skepticism creeped in over some OPEC member’s commitment to keep to their end of the deal and cut production...
December 6, 2016
Shale sector tries to reap the gains of the OPEC deal
The prices extend gains after OPEC’s output cut deal brings short-term optimism. Forward market shows that the US oil producers are rushing to lock the profit, selling oil contracts for above $50 a barrel at the start of 2018...
December 5, 2016
Crisis Lite
The Italian referendum on constitutional reform saw voters reject the proposals in front of them, in a fairly decisive manner. As such, Italian PM Renzi will tender his resignation today and this became part of the issue...

HYCM Rating
HotForex Rating
FxPro Rating
Trade360 Rating
Grand Capital Rating
FIBO Group Rating

OptionRally Rating
365BinaryOption Rating
OptionFair Rating
TopOption Rating
Grand Option Rating
Anyoption Rating