USDCAD - Oct 13, Double bottom support and bullish reaction
USDCAD trend forecast October 13 , 2025
💬The USD/CAD pair extends its mild bearish momentum for a second consecutive session on Monday, yet selling pressure remains limited as the pair continues to trade comfortably above the 200-day Simple Moving Average (SMA) during Asian hours. Spot prices consolidate around the key 1.4000 psychological level, staying within close range of Friday’s five-month high marked at 1.4045.
Meanwhile, Crude Oil prices kick off the week on a positive note, rebounding from last week’s sharp decline to a multi-month low after US President Donald Trump adopted a more measured stance on his proposed 100% tariffs against China. The softer rhetoric helped calm fears of escalating trade tensions and revived risk sentiment in commodity markets. Adding to the Canadian Dollar’s support, robust domestic labor data released on Friday revealed a strong gain of 60,400 jobs in September, tempering upside momentum in the USD/CAD pair despite a broadly steady US Dollar tone.
💬 Accumulate, move up. Pay attention to the support zone 1.39800. Form 2 bottoms and increase in price.
🥇/// BUY USDCAD : zone 1.39800 - 1.39700
SL: 1.39400
TP: 40 - 60 - 100 PIPS ( 1.40700 )
Safe and profitable trading
💬The USD/CAD pair extends its mild bearish momentum for a second consecutive session on Monday, yet selling pressure remains limited as the pair continues to trade comfortably above the 200-day Simple Moving Average (SMA) during Asian hours. Spot prices consolidate around the key 1.4000 psychological level, staying within close range of Friday’s five-month high marked at 1.4045.
Meanwhile, Crude Oil prices kick off the week on a positive note, rebounding from last week’s sharp decline to a multi-month low after US President Donald Trump adopted a more measured stance on his proposed 100% tariffs against China. The softer rhetoric helped calm fears of escalating trade tensions and revived risk sentiment in commodity markets. Adding to the Canadian Dollar’s support, robust domestic labor data released on Friday revealed a strong gain of 60,400 jobs in September, tempering upside momentum in the USD/CAD pair despite a broadly steady US Dollar tone.
💬 Accumulate, move up. Pay attention to the support zone 1.39800. Form 2 bottoms and increase in price.
🥇/// BUY USDCAD : zone 1.39800 - 1.39700
SL: 1.39400
TP: 40 - 60 - 100 PIPS ( 1.40700 )
Safe and profitable trading
Сделка активна
+ 20 pips , signal Buy zone 1.39800 Сделка закрыта: достигнута тейк-профит цена
great , FULL TP signal BUY
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MOON | Forex Academy hopes to bring the best experience to the Forex community
💠 Update the fastest news
💠 Trend analysis: XAU, BTC, Currency,...
💠My channel:
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💠 Update the fastest news
💠 Trend analysis: XAU, BTC, Currency,...
💠My channel:
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Похожие публикации
Отказ от ответственности
Информация и публикации не предназначены для предоставления и не являются финансовыми, инвестиционными, торговыми или другими видами советов или рекомендаций, предоставленных или одобренных TradingView. Подробнее читайте в Условиях использования.