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We expect a $107.271 movement on USDCAD within the next 4 hours.

We expect a $107.271 movement on USDCAD within the next 4 hours. We expect USDCAD to trend downwards 4 hours following the ZEW Economic Sentiment Index events in Germany release because the released value is < -22.3. A price movement of 14 pips is expected. Historical events that allowed us to draw this conclusion

18 Jun 09:00
16 Oct 09:00
10 Jul 09:00

All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).

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We expect USDCAD to trend downwards right now.

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After testing the resistance line numerous times, UK100 is once again approaching this line. Can we expect a bullish trend to follow?

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