USDCAD - 20 Jan - trendline : Bull liquidity combination
USDCAD trend forecast January 20, 2025
The Canadian Dollar (CAD) fell to multi-year lows on Friday, pushing USD/CAD back above the 1.4400 level and keeping the Loonie near its weakest levels since the pandemic era. With a relatively quiet economic calendar to close out the trading week, anticipation of future Federal Reserve (Fed) rate cuts underscores the widening interest rate gap between the US and Canada.
Canada is set to release its latest Consumer Price Index (CPI) data next Tuesday, with expectations that headline inflation will decline further below the Bank of Canada's (BoC) target. This is likely to strengthen the outlook for additional BoC rate cuts.
At the beginning of the week, there is not much economic news affecting the price of USDCAD. The price depends on the chart. The trend is up: trendline + liquidity zone. Waiting for BUY entry.
/// BUY USDCAD: zone 1.44350 - 1.44450
SL: 1.44050
TP: 40 - 70 - 100pips ( 1.45350 )
Safe and profitable trading
The Canadian Dollar (CAD) fell to multi-year lows on Friday, pushing USD/CAD back above the 1.4400 level and keeping the Loonie near its weakest levels since the pandemic era. With a relatively quiet economic calendar to close out the trading week, anticipation of future Federal Reserve (Fed) rate cuts underscores the widening interest rate gap between the US and Canada.
Canada is set to release its latest Consumer Price Index (CPI) data next Tuesday, with expectations that headline inflation will decline further below the Bank of Canada's (BoC) target. This is likely to strengthen the outlook for additional BoC rate cuts.
At the beginning of the week, there is not much economic news affecting the price of USDCAD. The price depends on the chart. The trend is up: trendline + liquidity zone. Waiting for BUY entry.
/// BUY USDCAD: zone 1.44350 - 1.44450
SL: 1.44050
TP: 40 - 70 - 100pips ( 1.45350 )
Safe and profitable trading
Dagangan aktif
+ 20 pips, great signal BUY USDCAD( 1.44350 - 1.44450 ) Nota
+ 30 pips , BUY USDCAD( 1.44350-1.44450 )
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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:
" t.me/+FK9DbU7tLiJiNDJl "
💠 FREE SIGNAL
💠 Update the fastest news
💠 Trend analysis: XAU, BTC, Currency,...
💠free channel:
" t.me/+FK9DbU7tLiJiNDJl "
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.