USDCAD trend forecast January 3, 2025
The USD/CAD pair dips slightly to around 1.4395 during the Asian session on Friday, as higher crude oil prices lend support to the commodity-sensitive Canadian Dollar (CAD) against the US Dollar.
Thursday’s S&P Global report showed that Canada’s Manufacturing PMI climbed to 52.2 in December, up from 52.0 in November, marking its strongest level since February 2023. The result also exceeded expectations of 51.9, indicating improving conditions in Canada’s manufacturing sector.
H2 frame shows sideway, not much news affecting the price pair. Break the trend, wait for SELL entry
/// SELL USDCAD : zone 1.44000- 1.44150
SL: 1.44400
TP: 50 - 70 - 150pips ( 1.42650)
Safe and profitable trading
The USD/CAD pair dips slightly to around 1.4395 during the Asian session on Friday, as higher crude oil prices lend support to the commodity-sensitive Canadian Dollar (CAD) against the US Dollar.
Thursday’s S&P Global report showed that Canada’s Manufacturing PMI climbed to 52.2 in December, up from 52.0 in November, marking its strongest level since February 2023. The result also exceeded expectations of 51.9, indicating improving conditions in Canada’s manufacturing sector.
H2 frame shows sideway, not much news affecting the price pair. Break the trend, wait for SELL entry
/// SELL USDCAD : zone 1.44000- 1.44150
SL: 1.44400
TP: 50 - 70 - 150pips ( 1.42650)
Safe and profitable trading
Trade attivo
Correct assessment - currently 15 pips SELL profit
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MOON | Forex Academy hopes to bring the best experience to the Forex community
💠 FREE SIGNAL
💠 Update the fastest news
💠 Trend analysis: XAU, BTC, Currency,...
💠free channel:
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💠 FREE SIGNAL
💠 Update the fastest news
💠 Trend analysis: XAU, BTC, Currency,...
💠free channel:
" t.me/+w1S87P9rNEwzNzM1 "
Pubblicazioni correlate
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.