Today after the Non Farm Payrolls news, the Canadian Dollar (CAD) was weak on all pairs. The Canadian news drivers like Unemployment Rate and Labor Productivity were reported at the same time as the US Dollar Non Farm Payrolls news. Pairs like the USD/CAD and EUR/CAD moved up quickly after the news and new buy entries were more than likely not possible due to the somewhat immediate price spikes. The EUR/CAD is trending higher and is nearing a resistance breakout point. We will look to set a new trading plan for a buy on this pair Sunday night of Monday of next week.
The live trading signals you see above are from The Forex Heatmap®, which provides live trading signals on 28 pairs. It works after non farm payrolls for assisting with trade entries, it also works after any scheduled or unscheduled forex market news. Traders can also review our complete written guide to trading non farm payrolls.