Our free forex signals service trade today is a buy order on the USD/CAD. The pair is looking for an upside as it hits the support zone. The USD/CAD pair plunged in the short term. However, it has reached a major support zone. At the time of writing, the price is located at the 1.2676 level. It seems determined to rebound from here. In the short term, the Dollar Index plunged, so the currency pair’s sell-off was natural. –Are you interested in learning more about making money with forex? Check our detailed guide- Yesterday, the Canadian CPI rose by 1.0% versus 0.9% expected. The greenback was weighed by the US retail sales data, which came worse than expected. The USD failed to take the lead and dominate the currency market even if the FOMC was hawkish. The Federal Funds Rate increased from 0.25% to 0.50%. US Unemployment Claims 214K Earlier, the USD received a helping hand from the US Unemployment Claims indicator, reported at 214K in the last week below 221K expected. Furthermore, the Housing Starts and the Philly Fed Manufacturing Index reported better than expected data, while Industrial Production rose by 0.5%, matching expectations. From the technical point of view, as long as it stays above the 1.2650 – 1.2660 area and within the ascending pitchfork’s body, it could develop a new leg higher in the short term. However, the upside scenario could be invalidated if the price drops and closes below the 1.2650 level. Get FREE Forex Signals Now! 3 Free Forex Every Week – Full Technical Analysis Free forex signals – Buy USD/CAD at 1.2704 Free forex signals entry price and take-profit Instrument: USD/CAD Order Type: BUY STOP Entry price: 1.2704 Stop Loss: 1.2635 TP1: 1.2808 My Risk: 1% Risk / Reward Ratio: 1:1.5 Looking to trade forex now? Invest at eToro! Trade Forex Now! 68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money Olimpiu Tuns Olimpiu Tuns Olimpiu Tuns graduated with a Master in Business Administration and is a seasoned Market Analyst / Trader / Trainer with 10 years of experience in the financial markets having expertise in Forex, Commodities, Index, Cryptocurrencies, and Stocks. He worked as a Market Analyst for three major brokerage companies, as a prop trader, and as a contributor/content creator for news portals and educational platforms. View All Post By Olimpiu Tuns Majors share Read Next EUR/USD Price Extends Rebound, Eying1.11 as USD Falls Post-Fed Olimpiu Tuns 2 months Our free forex signals service trade today is a buy order on the USD/CAD. The pair is looking for an upside as it hits the support zone. The USD/CAD pair plunged in the short term. However, it has reached a major support zone. At the time of writing, the price is located at the 1.2676 level. It seems determined to rebound from here. In the short term, the Dollar Index plunged, so the currency pair’s sell-off was natural. -Are you interested in learning more about making money with forex? Check our detailed guide- Yesterday, the Canadian CPI rose by 1.0%… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
