Forex Signal (Fri, April 09, 7:00 am EST) Canadian Employment

Crazy Cat

Former FPA Special Consultant
Messages
753
Hi there :)

This is Crazy Cat with a potentially profitable trading opportunity...

Friday, March 12th (7:00 am New York Time) Canada

We have Canadian Employment Change coming out. It is expected to read 25.0. Last month it read 20.9.

I recommend trading USD/CAD for this report.

Please read what this indicator means and how it affects the USD/CAD by going to this link: http://www.forexpeacearmy.com/forex-forum/economic-indicator-descriptions/7399-canadian-employment-change.html

The trigger for this indicator is 15. This means that if Canadian Employment Change comes out at 40.0 or more, USD/CAD will probably go down by 40 pips or more in the first 45 minutes of the report. If it comes out at 5 or less or negative, USD/CAD will probably go up by 40 pips or more in the first 45 minutes of the report. I might consider -20 / +15 triggers.

We will also have Canadian Unemployment Rate coming out. A 0.2 deviation on it is a significant deviation but the good news is typically they don't conflict each other.

Obviously, the bigger the difference between expected and actual numbers, the bigger will be the move.

To read the after-spike retracement strategy for this report click here: http://www.forexpeacearmy.com/forex-forum/felix-after-spike-retracement-strategies/7406-canadian-employment-change-after-spike-retracement-strategy.html

For example: on March 12th, Canadian Employment Change came out at 20.9, versus an expectation of 15.5, and unemployment dropped by 0.1 which is good for Canada. USD/CAD went down by around 70 pips. See for yourself what happened by seeing this chart: Forex news trading currency exchange charts

I highly recommend you study the entire history and charts of this report by following this link:
Forex News Trading | Details and History for CAD Employment Change m/m

I hope you make some money on this report.
-Crazy Cat
 
Last edited by a moderator:

Ned Bek

Recruit
Messages
2
NB

Hi,
Don't you think the USDCAD will have a problem getting the 40 pip positive reaction since it is now at the ~ $1 level?
What are your thoughts?
 

Petrikova

Recruit
Messages
2
Time

Hello. What time does the hour of our time proclaim the message? When I watch and join trade.
Thanks
Michaela
 
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