Trading plan for 09/05/2017: USD/CAD Good Sell Here

FX:USDCAD   Dolar U.S/Dolar Kanada
Dilihat 101 kali
101 2
Tuesday night in the markets was definitely calm. EUR/USD is trading in a range in a dozen or so pips around 1.0925. A similar scale of volatility shows USD/JPY as it is hovering around 113.00 level. The Australian dollar is again one of the worst performers. The Asian session was calm after yesterday's strong changes. Shanghai Composite is, however, at the slightest minus. The Gold ounce is still trading at $1230. WTI is priced at less than $46.50 a barrel.

On Tuesday 9th of May, the event calendar is light in fundamental data, but global investors will pay attention to Building Permits data from Canada and JOLTs Job Openings data from the US. There are two speeches from the FOMC members scheduled later in the day as well.

USD/CAD analysis for 09/05/2017:

The Building Permits data are scheduled for release at 12:30 pm GMT and market participants expect a 4.2% increase in the number of new building projects authorized for construction in Canada. The figure is widely used as an indicator for developments in the housing market, since receiving a permit to build is the first step in the construction process.

Let's now take a look at the USD/CAD technical picture. After reaching the top at the level of 1.3749, the price reversed and now is trading inside of a tight range between the levels of 1.3646 - 1.3758. In case of worse than expected data, the price might break out below the support at the level of 1.3646 and head towards the level of 1.3529, where the next technical support is.
Dagangan aktif
Dagangan ditutup: sasaran tercapai
First of all, thank you for sharing this wonderful trade setup. Looking forward to see the result.
Korora patterntrader
@patterntrader, thank you mate
MS Bahasa Melayu
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Laman Utama Penyaring Saham Penyaring Forex Penyaring Kripto Kalendar Ekonomi Bagaimana ia berfungsi Ciri-ciri Carta Peraturan Dalaman Moderator Laman web dan Penyelesaian Broker Widget Perpustakaan Carta Stok Permintaan Ciri Blog & Berita Soalan Lazim Bantuan & Wiki Twitter
Profil Tetapan Profil Akaun dan Pengebilan Tiket Sokongan Saya Hubungi Sokongan Idea-idea yang diterbitkan Pengikut Mengikut Mesej Peribadi Sembang Daftar Keluar