USDCAD CPI Day Analysis:
Today Canada will release CPI (Consumer Price Index):
CPI m/m forecast: 0.0% (prev. 0.3%)
Median CPI y/y: 3.1% (prev. 3.1%)
Trimmed CPI y/y: 3.0% (prev. 3.0%)
📌 If CPI prints higher than expected → CAD strengthens → USDCAD bearish continuation.
📌 If CPI prints weaker → CAD weakens → USDCAD may spike higher.
🔎 Technical Setup
Resistance levels: 1.3760 & 1.3780 (Short zone)
Stop-loss: Above resistance zone
Targets:
🎯 TP1 → 1.3740
🎯 TP2 → 1.3720
Trend remains bearish while below 1.3780, supported by USD weakness.
✅ Trading Plan
I am looking for short opportunities near 1.3760 – 1.3780 with tight risk management.
Fundamentals + Technicals both favor CAD strength if CPI comes strong.
⚠️ Reminder: Always use proper risk management. This is my personal analysis, not financial advice.
💬 If you find this helpful, like, comment, and share to support my work.
Regards: Forex Insights Pro.
#USDCAD #CPI #Forex #PriceAction #TradingPlan #CanadianDollar #FXMarket #TechnicalAnalysis #Fundamentals
Today Canada will release CPI (Consumer Price Index):
CPI m/m forecast: 0.0% (prev. 0.3%)
Median CPI y/y: 3.1% (prev. 3.1%)
Trimmed CPI y/y: 3.0% (prev. 3.0%)
📌 If CPI prints higher than expected → CAD strengthens → USDCAD bearish continuation.
📌 If CPI prints weaker → CAD weakens → USDCAD may spike higher.
🔎 Technical Setup
Resistance levels: 1.3760 & 1.3780 (Short zone)
Stop-loss: Above resistance zone
Targets:
🎯 TP1 → 1.3740
🎯 TP2 → 1.3720
Trend remains bearish while below 1.3780, supported by USD weakness.
✅ Trading Plan
I am looking for short opportunities near 1.3760 – 1.3780 with tight risk management.
Fundamentals + Technicals both favor CAD strength if CPI comes strong.
⚠️ Reminder: Always use proper risk management. This is my personal analysis, not financial advice.
💬 If you find this helpful, like, comment, and share to support my work.
Regards: Forex Insights Pro.
#USDCAD #CPI #Forex #PriceAction #TradingPlan #CanadianDollar #FXMarket #TechnicalAnalysis #Fundamentals
join our free signal channel t.me/ForexGoldpips81
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.
join our free signal channel t.me/ForexGoldpips81
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.