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Business / Finance

USD/CAD: high chances of growth

Forex Club 28.11.2017 at 10:45

USD/CAD Strategy of the transaction Direction of transaction Purchase Entrance (open price) 1,2790 Goal (closing price) 1,2895 Stop Loss 1,2730 Horizon till 19.00 MSK 01.12.2017*

- the Bank of Canada twice raised the rate in 2017. But now took a more cautious stance

- Retail sales and inflation in Canada slowed

Reports on GDP and the labour market disappoint

- Oil prices after OPEC's decision+ may begin to decline

Options transaction

you Need to open a transaction in Libertex to buy USD/CAD at the price 1,2790 28.11.2017 no later than 19:00 GMT.

In the case of negative developments, the net loss will not exceed 2,0%.

If you want to get your position size multiplier, the potential profit and loss for Libertex, connect to the service the Morning from Forex Club.

Warning: Profitability in the past does not mean profitability in the future. Any projections are for informational purposes and do not guarantee results.

usdcad, the loonie, GDP, OPEC+, trading USDCAD