USDCAD Technical Analysis 16.06 - 23.06 : Ranging - page 2

 

And please, do not forget that we will have

2013-06-19 16:40 GMT | [CAD - Bank of Canada Governor Speaks]

and

Forum

Market Condition Evaluation based on standard indicators in Metatrader 5

newdigital, 2013.06.19 08:21

Just to remind that we will have Federal Funds Rate at 18:00 GMT time (or at 20:00 metaquotes demo server time).

 
newdigital:

And please, do not forget that we will have

2013-06-19 16:40 GMT | [CAD - Bank of Canada Governor Speaks]

and


That's started - 3 minutes before BOC speaks -

MetaTrader Trading Platform Screenshots

USDCAD, M1, 2013.06.19

MetaQuotes Software Corp., MetaTrader 5, Demo

that's starting

USDCAD, M1, 2013.06.19, MetaQuotes Software Corp., MetaTrader 5, Demo


 

Just about GMT time and broker's (your metatrader') time - you can use this indicator from MT5 CodeBase: Clock

Just an example how it looks on the chart:

MetaTrader Trading Platform Screenshots

USDCAD, M1, 2013.06.19

MetaQuotes Software Corp., MetaTrader 5, Demo

clock

USDCAD, M1, 2013.06.19, MetaQuotes Software Corp., MetaTrader 5, Demo


 

Forum

Market Condition Evaluation based on standard indicators in Metatrader 5

newdigital, 2013.06.19 08:21

Just to remind that we will have Federal Funds Rate at 18:00 GMT time (or at 20:00 metaquotes demo server time).

Federal Funds Rate now for USDCAD with + 50 pips (4 digit pips) :

MetaTrader Trading Platform Screenshots

USDCAD, M1, 2013.06.19

MetaQuotes Software Corp., MetaTrader 5, Demo

usdcad m1

USDCAD, M1, 2013.06.19, MetaQuotes Software Corp., MetaTrader 5, Demo




 

Forum

Press review

newdigital, 2013.06.21 10:45

We are going to have 2 news events today for CAD :

2013-06-21 12:30 GMT | [CAD - Core CPI] - actual (it will be released at 12:30 GMT time or 14:30 MQ time) > forecast (0.3%) is good for CAD

2013-06-21 12:30 GMT | [CAD - Core Retail Sales] - actual (it will be released at 12:30 GMT time or 14:30 MQ time) > forecast (0.0%) is good for CAD

============

So, just read this small article about Trading the Canada Consumer Price Report :


As Canadian price growth is expected to pick up in May, we may see the USDCAD continue to come off of trendline resistance, and the wedge/triangle formation may continue to take shape in the second-half of the year as the BoC retains a neutral stance for monetary policy. However, should the inflation report disappoint, we may see the upward trending channel from earlier this year foster a bullish breakout in the exchange rate, and the pair may continue to track higher over the coming months amid the deviation in the policy outlook.



MetaTrader Trading Platform Screenshots

USDCAD, H4, 2013.06.21

MetaQuotes Software Corp., MetaTrader 5, Demo

usdcad h4 cpi

USDCAD, H4, 2013.06.21, MetaQuotes Software Corp., MetaTrader 5, Demo


 

CAD - Core CPI - 85 pips in profit (4 digit pips) :

MetaTrader Trading Platform Screenshots

USDCAD, M1, 2013.06.21

MetaQuotes Software Corp., MetaTrader 5, Demo

85 pips

USDCAD, M1, 2013.06.21, MetaQuotes Software Corp., MetaTrader 5, Demo


Are you still thinking that fundamental news events are nothing? :)
 

2013-06-21 12:30 GMT | [CAD - Core CPI] - actual (it will be released at 12:30 GMT time or 14:30 MQ time) > forecast (0.3%) is good for CAD; actual was 0.2% according to latest release

2013-06-21 12:30 GMT | [CAD - Core Retail Sales] - actual (it will be released at 12:30 GMT time or 14:30 MQ time) > forecast (0.0%) is good for CAD; actual was -0.3% according to latest release