Sorry, you need to enable JavaScript to visit this website.

USD/CAD Signal - USD Non Farm Payrolls - 7 May 2021

You are here

Signal Details
Entry Price: 
1.2175
Take Profit: 
1.2250
Stop Loss: 
1.2140
Direction: 
Buy
How we trade
Average: 5 (1 vote)

USDCAD has bounced out of the significant 1.21400 level today prior to USD Non Farm Payrolls, which measure the change in non agriculture jobs Month over Month. Technically the pair has rebounded out of support and the PPO is very bullish! We anticipate continued upside into the 1.2250 level.

Monitor your forex trade slippage with TradeProofer's MT4 software!

Live Broker Spreads

Disclaimer: The article is written for informative purposes only and it is not financial advice. The author does not have any position in the currency pairs mentioned, and no plans to initiate a position. He wrote the article himself and expressed his own opinions. Readers should not treat any opinion expressed by the author as a specific inducement to make a particular trade or follow a particular strategy, but only as an expression of his opinion. All risks and coasts associated with online trading are your responsibility.