For Traders

Analytical Reviews

Technical analysis

08.10.202113:33 Forex Analysis & Reviews: Trading idea for CAD

This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

OPEC decided to maintain its agreed production plan for November. This provoked oil to break above $ 77 and trade around $ 80 a barrel.

Accordingly, world currencies associated with oil strengthened, hitting monthly, if not yearly highs. This opens good opportunities to set up limit orders.

AUD / CAD:

NZD/CAD:

CAD/CHF:

CAD / JPY:

The orders should have an increment of around 300-500 pips. The volume should be 0.01 STANDARD lot for every $ 1000 of the deposit.

This plan follows "Grid trading".

Good luck and have a nice day!

Back to the list

Open trading account

InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.