Mark Barclay

Mark has 10+ years of forex trading experience. He predominantly trades the European and North American sessions. He trades all forex currencies, equity indices, metals, and commodities.

Trades: EUR, GBP, AUD, NZD, CAD, JPY, CHF, DOW, SP500, OIL, GOLD

Overview

I am looking for weak Retail Sales numbers to match up with the current technical sentiment which indicates a buy on USDCAD. The current range on the CAD Retail Sales is 0.2% to 1.7%. We are looking for less than 0.2% for a decent move. If the result comes outside this range we should see a solid move to the upside.

The CAD Retail Sales is due at 12:30 pm GMT on May 22, 2019.

Current Technicals: Up

Hourly Resistance: 1.3508

Hourly Support: 1.3378

USDCAD HOURLY CHART – Current Price 1.3400

Current Fundamentals: Up

Central Bank Sentiment: Up

Geopolitical Impact: Neutral

Upcoming Potential Fundamental Drivers

Trade Execution

Our Preference

Buying USDCAD if Canadian Retail Sales M/M data is less than 0.2%.

Execution Software

Trading Live: Using Guerrilla Trader.

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