Our free forex signals service trade today is a buy order on the USD/CAD pair. The USD/CAD pair dropped a little in the short term but the bias remains bullish as long as it stays above the near term support levels. The p[rice slipped lower as the Dollar Index reached a resistance area. Also, the Loonie is strong in the short term as the Canadian retail sales data come in better than expected on Friday. The currency pair has extended its growth as the DXY jumped higher after its temporary decline. The USD is still strong as the Federal Reserve is expected to take action soon after higher inflation reported by the United States. Get FREE Forex Signals Now! 3 Free Forex Every Week – Full Technical Analysis US Existing Home Sales Expected At 6.20M Despite the current drop, the USD/CAD could still grow after testing and retesting the immediate downside obstacles. The US is to release its Existing Home Sales later today. The economic indicator could drop from 6.29M to 6.20M. Better than expected data. Tomorrow, the US Flash Manufacturing PMI and the Flash Services PMI could really shake the markets and could bring sharp movement. The manufacturing and services sectors are expected to report positive figures, that’s why the current USD depreciation could be only a temporary one. Technically, as long as the price is located above the uptrend line, the USD/CAD could still grow. 1.2604 former high stands as a static support. A new higher high could activate an upside continuation! Free forex signals – BUY USD/CAD at 1.2665 Free forex signals entry price and takes profit Instrument: USD/CAD Order Type: BUY STOP Entry price: 1.2665 Stop Loss: 1.2601 TP1: 1.2748 My Risk: 1% Risk / Reward Ratio: 1: 1.3 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 EUR/USD Forecast: Support Lost at 1.13, Next Stop Likely 1.1239 Olimpiu Tuns 1 week Our free forex signals service trade today is a buy order on the USD/CAD pair. The USD/CAD pair dropped a little in the short term but the bias remains bullish as long as it stays above the near term support levels. The p[rice slipped lower as the Dollar Index reached a resistance area. Also, the Loonie is strong in the short term as the Canadian retail sales data come in better than expected on Friday. The currency pair has extended its growth as the DXY jumped higher after its temporary decline. The USD is still strong as the Federal Reserve… 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.
