capitalpropertiesfx

USDCAD ahead of the Canadian CPI

FX:USDCAD   U.S. Dollar/Canadian Dollar
156 1 3
We are currently trading inside a short term support zone and from here we could see a break in either direction. Most likely CPI             (which will be released during the US session) will trigger a larger move and taking into account that larger TF trend is up makes short positions more riskier. Hence, longs should be preferred.

However, as always - trading news is very risky and the smart move here would be to wait until the risk event is over and then re-analyse.
thanks
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out