This is a great system for trading Canadian Dollar CAD weakness. On this day in the forex market the Canadian Dollar CAD was weak across the board, driving movement and trading opportunities on all pairs in the group.
The GBP/CAD rose and this pair is in a strong uptrend, it should continue much higher. The CAD/JPY also dropped, this pair has almost broken the 87.80 support area to the downside, with plenty of pip potential below there. This is about 100 pips of movement on the CAD/JPY, and a substantial amount of pips trading all 7 pairs. This is what traders want and need, a proven forex trading system that produces pips.
Since these pairs are trending based on CAD weakness, additional upside potential is available. We will look to continue to plan more trades on these pairs in the direction of their trends. The live trading signals you see below are from The Forex Heatmap®, which provides live signals for 28 pairs, including the Canadian Dollar pairs and 7 other currencies.
Trading Canadian Dollar CAD Weakness
Trading Canadian Dollar CAD Weakness