Our free forex signals service today looks at the USD/CAD and we have the entry, stop and take profits levels for you. At the start of the European session, the USD/CAD pair continues to consolidate from the previous session. A tight trading range and a positive outlook characterize the pair’s trading activity. The USD/CAD exchange rate is currently trading at 1.2527, down 0.05% on the day. After testing the 91.80 lower in the previous session, the US Dollar Index (DXY), which tracks the dollar against six major rivals, is above 92.20. Commentary from the Fed helped the US dollar to become more attractive. –Are you interested to learn more about forex signals? Check our detailed guide- Under the pretext of the incredible pace of economic recovery after the Coronavirus pandemic, Federal Reserve Deputy Chairman Richard Clarida told Reuters that the Fed might raise rates in 2023. The San Francisco Federal Reserve President Mary Daly also spoke similarly when she said that tightening could occur later this year or in early 2022. Get FREE Forex Signals Now! Meanwhile, the fall in crude oil prices put pressure on the Canadian dollar. Oil demand was greater than expected due to the rapid spread of delta options and a significant increase in US crude oil inventories. The first US jobless claims are due tomorrow, Fed Waller’s speech is expected tomorrow, and Canada’s trade balance will provide a new stimulus for the trading market. USD/CAD free forex signals USD/CAD forex signal on 4-hour chart Instrument: USD/CAD Order: SELL STOP Entry price: 1.2511 Stop Loss: 1.2597 TP1: 1.2336 Recommended Risk: 1% Risk / Reward Ratio: 1:2 Signal validity period: Good until cancelled Looking to trade forex now? Invest at eToro! Trade Forex Now! 67% 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. Saqib Iqbal Saqib Iqbal Saqib Iqbal is a market analyst, prop fund trader and mentor, serving the industry with his analysis and educational content since 2011. The author has great exposure to different financial markets and institutions. He's well-known for his day trading reviews and multiple timeframe analysis. View All Post By Saqib Iqbal Forex Trading Signals share Read Next GBP/USD Trade Plan – BOE Monetary Policy in Focus Ali B. 1 year Our free forex signals service today looks at the USD/CAD and we have the entry, stop and take profits levels for you. At the start of the European session, the USD/CAD pair continues to consolidate from the previous session. A tight trading range and a positive outlook characterize the pair's trading activity. The USD/CAD exchange rate is currently trading at 1.2527, down 0.05% on the day. After testing the 91.80 lower in the previous session, the US Dollar Index (DXY), which tracks the dollar against six major rivals, is above 92.20. Commentary from the Fed helped the US dollar to… 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.
