USDCAD: consolidation before the publication of crude oil and petroleum products in the US

February 19, 2015

USDCAD
Sell on a level breakthrough of 1.2350 with 1.2110 target. Stop loss = 1.2410.
Reason for the trading strategy
Tonight, the data on the oil and petroleum products reserves in the US for last week will be published. The expected reduction of stocks by 1.8 million barrels could support the oil prices and increase the demand for the Loonie.

USDCAD, H4

Publication source
EXNESS information  EXNESS reviews

February 17, 2017
Golds rally may falter
The gold price has racked up its 2nd straight day of gains today on the back of US dollar weakness and doubts over an interest rate hike next month from the US Federal Reserve...
February 16, 2017
Where is black gold heading?
The Euro is slowly going down and this is not brought on by the Eurozone situation. Instead, this is fueled by the U.S. Dollar. Yesterday, Janet Yellen gave a speech in the Senate Banking Committee emphasising the fact that it Is not quite right to use the wait-and-see stance regarding the interest rate hike...
February 14, 2017
Will France exit the euro?
The Euro has come under pressure late in the European session today, after analysts warned of the huge costs that France would face should they decide to ditch the European currency...

FXCM Rating
Fort Financial Services Rating
Vantage FX Rating
XM Rating
Cms Trader Rating
FOREX.com Rating

Banc De Binary Rating
24option Rating
GTOptions Rating
Dragon Options Rating
UKoptions Rating
IQ Option Rating