Today in forex trading the CAD was weak, causing strong price movement. The USD/CAD moved higher in the strong uptrend. This pair has many resistance levels on the way up, so we would scale out lots on any buys, but it has much more potential on the W1 time frame trend. The CAD/JPY dropped. This...
Today in forex trading the CAD was weak. The USD/CAD moved higher. This pair is at or close to resistance on the H4 and D1 time frames, so we would scale out lots or exit any buys. The CAD/JPY dropped. This pair is close to support on the D1 and H4 time frames, so once again we would scale out...
Hi Forex Trader,
I make my suggestions every day based on where I see the market heading over the next 24 hours. Use my analysis below to aid your trading and to help you keep on the right side of the market.
My suggestions are posted by 6pm EST each day.
For The Forex Trading Coach clients...
Today in forex trading the CAD was strong on all pairs, driving price movement and trading opportunities. The trading signals from The Forex Heatmap® and chart movement for these pairs is shown below in the images. For a complete assessment of the NZD/CAD and the other CAD pairs go to the...
NZD/CAD – strong uptrend in place set buy alarm at 0.9615, no resistance past there.
EUR/CAD – strong uptrend in place set buy alarm at 1.5525, no nearby resistance past there.
AUD/CAD – W1 uptrend in place set buy alarm at 1.0175, upside potential is 1.0700 area.
CAD/JPY – W1...
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