Our free forex signals service today is a buy trade order on the USD/CAD pair. USD/CAD edges higher as the Dollar Index is struggling to resume its upwards movement. The currency pair was into a corrective phase in the short term, but the retreat seems over. Still, you have to be careful as the price will be driven by the fundamentals later today. The price bounced back after the US Empire State Manufacturing Index came in better than expected yesterday. On the hand, the Canadian Wholesale Sales and the Manufacturing Prices indicators reported worse than expected data. Get FREE Forex Signals Now! 3 Free Forex Every Week – Full Technical Analysis US Retail Sales Data Decisive Later, the volatility could be high as the US retail sales data could shake the markets. The Retail Sales indicator is expected to report a 1.3% growth in October, while the Core Retail Sales could register a 1.0% growth. Moreover, the Industrial Production, Capacity Utilization Rate, and the Business Inventories indicators will be released as well. Canada is to release its Housing Starts, the indicator could jump from 251K to 254K. Technically, the USD/CAD pair reached the 1.2493 static support and the 50% retracement level where it has found demand. Now, it has jumped above the immediate downtrend line reaching the 1.2533 static resistance. Its failure to stabilize under the weekly pivot point (1.2513) followed by a new higher high could active potential further growth. Free forex signals – BUY USD/CAD at 1.2542 Free forex signals entry price and takes profit Instrument: USD/CAD Order Type: BUY STOP Entry price: 1.2542 Stop Loss: 1.2477 TP1: 1.2639 My Risk: 1% Risk / Reward Ratio: 1: 1.51 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 Forex Trading Signals share Read Next Gold Forecast: 1,868 Fails to Hold Before US Retail Sales Data Olimpiu Tuns 3 weeks Our free forex signals service today is a buy trade order on the USD/CAD pair. USD/CAD edges higher as the Dollar Index is struggling to resume its upwards movement. The currency pair was into a corrective phase in the short term, but the retreat seems over. Still, you have to be careful as the price will be driven by the fundamentals later today. The price bounced back after the US Empire State Manufacturing Index came in better than expected yesterday. On the hand, the Canadian Wholesale Sales and the Manufacturing Prices indicators reported worse than expected data. [su_button url="https://www.forexcrunch.com/visit/learn2trade" style="3d"… Top 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.
