USDCAD breakout and Retest trade made +580 Points

USDCAD has broken the top level of the down trend line.

usdcad breakout and retest the breakout level

After the breakout, market retested the breakout level and now it starts to bounce up.

After the confirmation of Upward move, USDCAD Buy signal is given.

USDCAD reached the take profit target successfully.

USD getting strong

USD up lift from the bottom zone

The dollar appreciated on Thursday; traders closed short positions in USD.

ECB having a clear interest on to move above 1.20 against USD, but inflation is a drawback for Euro to further climb up.

Fed already clearly intimated lower interest rates for a longer time and more accommodative stance also applicable if situation getting worse.

Central banks aiming to achieve economic recovery in different tactics. This week NFP data would drive the US dollar as per the expectation of Technical Traders.

Get Each forex signal with Chart Analysis and Reason for buying or selling the trade which helps you to Trade with confidence on your account.

If you like to receive more best forex signals and analysis at an accurate time, subscribe to premium or supreme signal plan here:


Forex GDP team provides High Quality Forex signals services exclusively to all type of traders around the world. Each signal given with chart analysis that helps you to trade with confidence on your account. Forex GDP team worked with Major banks, Financial Institutions, Liquidity providers, Forex brokers in different job positions such as Equity Dealer, Fund Manager, Senior Market Analyst, Risk Manager and other major roles in Forex Trading Companies. Try free now to see the quality trades on your account.