Currency Strength Trading CAD Weakness 1-20-2015

Today in currency trading the CAD (Canadian Dollar) weakness was visible on all pairs. There was also some British Pound (GBP) strength in the market today. This drove the GBP/CAD strong to the upside. The movement was very good, but we would consider this a short term trade because it is inside of resistance layers on the higher time frames. So we would close out some lots or exit the trade completely. The trading signals for the CAD you see below are from The Forex Heatmap®, which provides live buy and sell signals for 28 currency pairs.

Currency Strength Trading CAD Weakness 1-20-2015

Currency Strength Trading CAD Weakness 1-20-2015

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