Today in forex trading the CAD (Canadian Dollar) was strong, dviving lots of price movement for traders. These currency trading signals indicate that the CAD was strong and consistent.
The CAD strength drove substantial movement on several CAD pairs for traders. The live trading signals from The Forex Heatmap® are shown below. The CAD/JPY moved much higher, and this pair still has more upside with trend support from the H4 time frame, but the larger trends are still pointing down, so we would scale out lots and manage profit on any buy trades up to the next major resistance on the H4 time frame. These CAD/CHF should continue higher at least one more day.
The USD/CAD also sold off, this pair also has H4 trend support, but the overall longer term trend is up, so once again scale out lots and manage the trade as it continues lower. The trading signals from The Forex Heatmap® are shown below, this signal system provides live signals for 28 currency pairs. It is a powerful live trade entry management tool based on forex analysis with parallel and inverse pairs and individual currency strength.
Currency Trading Signals CAD Strength
Currency Trading Signals USD/CAD Chart