Currency Strength Indicator CAD Weakness

Today in currency trading the CAD (Canadian Dollar) was weak on pairs, driving strong price movement on several pairs. The AUD (Australian Dollar) was also weak today. The AUD/CHF dropped, but this pair is at one support level and we would be scaling out lots on this pair and taking some profit at these price levels. The EUR/CAD moved up strong and should trend up and continue higher to the next resistance level around 1.4325.

Currency Strength Indicator CAD Weakness

Currency Strength Indicator CAD Weakness

The live indicator you see above is The Forex Heatmap®. It provides live currency strength and weakness signals for 28 pairs and 8 currencies. When conbined with some simple trend indicators, traders can build a trend based trading system and profitable trade entries.

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