D1 price is on ranging market condition within primary bearish: price is far away from Ichimoku cloud/kumo.
H4 price is on bearish too ranging between 1.0915 and 1.0814 levels.
Otherwise - ranging.
UPCOMING EVENTS (high/medium impacted news events which may be affected on USDCAD price movement for this coming week)
2014-05-13 05:30 GMT (or 07:30 MQ MT5 time) | [CNY - Industrial Production]
2014-05-13 12:30 GMT (or 14:30 MQ MT5 time) | [USD - Retail Sales]
2014-05-14 12:30 GMT (or 14:30 MQ MT5 time) | [USD - PPI]
2014-05-15 12:30 GMT (or 14:30 MQ MT5 time) | [CAD - Manufacturing Sales]
2014-05-15 16:30 GMT (or 18:30 MQ MT5 time) | [CAD - Gov Council Member Speech]
2014-05-15 23:00 GMT (or 01:00 MQ MT5 time) | [USD - Fed Chair Yellen Speaks]
2014-05-16 12:30 GMT (or 14:30 MQ MT5 time) | [CAD - International Security Transactions]
Please note : some US (and CNY) high/medium impacted news events (incl speeches) are also affected on USDCAD price movement
SUMMARY : bearish
TREND : ranging
Forum on trading, automated trading systems and testing trading strategies
newdigital, 2014.05.10 08:13
newdigital, 2014.05.10 15:20
newdigital, 2014.05.11 14:18
newdigital, 2014.05.14 17:50
USD/CAD Fundamental Analysis May 15, 2014 Forecast
eased by 4 points to trade at 1.0901 after the US dollar made healthy
gains throughout the early part of the week. The loonie rose 0.08 of a
cent to 91.74 cents US amid general U.S. dollar weakness. Analysts point
to low expectations for first quarter U.S. gross domestic product
growth, owing to the impact of severe winter weather and suggestions
that the economy may actually have contracted during the January-March
period. “Accordingly the expectations for Fed interest rate hikes have
been pared back slightly,” said Camilla Sutton, Chief FX Strategist,
Managing Director Scotiabank Global Banking and Markets.
It’s a light week for Canadian data. Statistics Canada releases the March report on manufacturing shipments on Thursday.
newdigital, 2014.05.14 19:56
newdigital, 2014.05.15 14:32
if actual > forecast = good for currency (for CAD in our case)
CAD Manufacturing Sales = Change in the total value of sales made by manufacturers
MetaTrader Trading Platform Screenshots
USDCAD, M5, 2014.05.15
MetaQuotes Software Corp., MetaTrader 5, Demo
USDCAD M5 : 10 pips price movement by CAD - Manufacturing Sales news event