EXNESS - Analytics


    631.50 4.00/10
    69% of positive reviews

    USDCAD: consolidation above the level of 1.2829

    Sell on a level breakthrough of 1.2829 with 1.2700 target. Stop loss = 1.2880.

    Reason for the trading strategy

    The oil prices have reacted positively to the official statistics on oil reserves from the US Department of Energy, which has denied the unofficial data of the American Petroleum Institute. Last week oil production in the US dropped from 8.825 million to 8.802 million barrels per day, and the oil reserves fell by 3.41 million barrels per day. Currently the WTI oil prices are trading near the April highs, contributing to a strengthening Loonie.


    USDCAD, H4


    To leave a comment you must or Join us

    By visiting our website and services, you agree to the conditions of use of cookies. Learn more
    I agree