USDCAD - 13 May, break the trend, continue the growth momentum
USDCAD trend forecast MAY 13 , 2025
💬USD/CAD eyes a fifth consecutive daily advance, trading near 1.3970 in Tuesday’s European session. However, the pair encounters mild resistance as the US Dollar (USD) loses some ground amid cautious sentiment ahead of the closely watched US Consumer Price Index (CPI) report for April, scheduled for release later today.
Market forecasts point to a rebound in headline inflation, expected to rise 0.3% month-over-month after a previous -0.1% decline, while core CPI is also anticipated to climb to 0.3% from 0.1%. On a yearly basis, both metrics are projected to remain steady, adding to the uncertainty surrounding the Federal Reserve’s policy outlook.
💬 M30 short-term chart, shows USDCAD price breaks the trend line and continues to increase. Combined with today's US CPI data, good prediction for USD, price continues to increase.
🥇/// BUY USDCAD: zone 1.39600 - 1.39500
SL: 1.39200
TP: 40 - 60 - 100pips ( 1.40500 )
Safe and profitable trading
💬USD/CAD eyes a fifth consecutive daily advance, trading near 1.3970 in Tuesday’s European session. However, the pair encounters mild resistance as the US Dollar (USD) loses some ground amid cautious sentiment ahead of the closely watched US Consumer Price Index (CPI) report for April, scheduled for release later today.
Market forecasts point to a rebound in headline inflation, expected to rise 0.3% month-over-month after a previous -0.1% decline, while core CPI is also anticipated to climb to 0.3% from 0.1%. On a yearly basis, both metrics are projected to remain steady, adding to the uncertainty surrounding the Federal Reserve’s policy outlook.
💬 M30 short-term chart, shows USDCAD price breaks the trend line and continues to increase. Combined with today's US CPI data, good prediction for USD, price continues to increase.
🥇/// BUY USDCAD: zone 1.39600 - 1.39500
SL: 1.39200
TP: 40 - 60 - 100pips ( 1.40500 )
Safe and profitable trading
Trade active
USDCAD continues to maintain the rising momentum of 1,39900
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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 "
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.