USDCAD

Technical Analysis

#TradeWithTheMarket – Using our technical analysis decide if you are a buyer or seller. Once you have decided then choose your entry levels. Next is to check the Fundamental Driver to find out when the currency pair is going to move. Or simply make a technical trade with a reduced position size.

TREND
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ENTRY LEVELS
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Fundamental Driver

Use our macroeconomic events calendar to find a a high or medium impact driver for your trade.

Macroeconomic Events

june, 2020

10jun12:30 pm12:30 pmCPI M/MIMPACT: ALL MAJOR PAIRS & USD RELATED INSTRUMENTS12:30 pm - 12:30 pm UTC Event Type :High ImpactTill the Data is Released!

10jun6:00 pm6:00 pmFederal Funds Rate & StatementIMPACT: ALL MAJOR PAIRS & USD RELATED INSTRUMENTS6:00 pm - 6:00 pm UTC Event Type :High ImpactTill the Data is Released!

10jun6:30 pm6:30 pmFOMC Press ConferenceIMPACT: ALL MAJOR PAIRS & USD RELATED INSTRUMENTS6:30 pm - 6:30 pm UTC Event Type :High ImpactTill the Data is Released!

11jun12:30 pm12:30 pmInitial Jobless ClaimsIMPACT: ALL MAJOR PAIRS & USD RELATED INSTRUMENTS12:30 pm - 12:30 pm UTC Event Type :High ImpactTill the Data is Released!

11jun12:30 pm12:30 pmPPI M/MIMPACT: ALL MAJOR PAIRS & USD RELATED INSTRUMENTS12:30 pm - 12:30 pm UTC Event Type :Medium ImpactTill the Data is Released!

12jun2:00 pm2:00 pmPrelim UoM Consumer SentimentIMPACT: ALL MAJOR PAIRS & USD RELATED INSTRUMENTS2:00 pm - 2:00 pm UTC Event Type :Medium ImpactTill the Data is Released!

18jun12:30 pm12:30 pmInitial Jobless ClaimsIMPACT: ALL MAJOR PAIRS & USD RELATED INSTRUMENTS12:30 pm - 12:30 pm UTC Event Type :High ImpactTill the Data is Released!

25jun12:30 pm12:30 pmInitial Jobless ClaimsIMPACT: ALL MAJOR PAIRS & USD RELATED INSTRUMENTS12:30 pm - 12:30 pm UTC Event Type :High ImpactTill the Data is Released!

Market Conditions

june, 2020

07junAll DayAverage - Usual Thin Monday LiquidityLOOSE MOVES AS WEEKEND NEWS IS FACTORED IN(All Day)

Market Driver

june, 2020

01junAll DayGeopolitics related to Covid 19IMPACT: GLOBAL FX, EQUITY & BOND MARKETS(All Day)

Capital Management

The most important element of your trade is your risk. Ensure you know what your weekly loss limit is and your max drawdown to ensure you protect your losses and profits.

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Trade Execution

BUYING?

Technical trade only

Methodology: Buy at support or at the breakout of resistance with a pending order

Execution tool: Trendline Trader, Ichi Cloud or T-Rex

Technical + Fundamental Driver

Methodology: Buy at the time of the macroeconomic release

Execution Tool: Guerilla Trader pending order or live with T-Rex

SELLING?

Technical trade only

Methodology: Sell at resistance entry level or at the breakout of support entry level with a pending order

Execution tool: Trendline Trader, Ichi Cloud or T-Rex

Technical + Fundamental Driver

Methodology: Sell at the time of the macroeconomic release

Execution Tool: Guerilla Trader pending order or live with T-Rex