USDCAD - 21 Feb, good news for USD today
USDCAD trend forecast February 21, 2025
The USD/CAD pair remains relatively stable in early Friday trading, hovering near 1.4170 after experiencing losses in the previous session. The pair's decline was driven by a weaker US Dollar (USD), which struggled under the weight of disappointing jobless claims data and mixed signals from the Federal Reserve (Fed).
Market participants are now closely monitoring the preliminary release of the US S&P Global Purchasing Managers Index (PMI) for February, set to be published later in the day, as it could provide further insight into the economic outlook.
In labor market data, US Initial Jobless Claims for the week ending February 14 climbed to 219,000, exceeding the anticipated 215,000. Meanwhile, Continuing Jobless Claims edged up to 1.869 million, slightly below the forecasted 1.87 million, reflecting a still fragile employment landscape.
USDCAD moves narrowly in sideways price range, predicting today's PMI news is good for USD, price has good impact to increase price
/// BUY USDCAD: zone 1.41750 - 1.41600
SL: 1.41400
TP: 40 - 70 - 100pips ( 1.42600 )
Safe and profitable trading
The USD/CAD pair remains relatively stable in early Friday trading, hovering near 1.4170 after experiencing losses in the previous session. The pair's decline was driven by a weaker US Dollar (USD), which struggled under the weight of disappointing jobless claims data and mixed signals from the Federal Reserve (Fed).
Market participants are now closely monitoring the preliminary release of the US S&P Global Purchasing Managers Index (PMI) for February, set to be published later in the day, as it could provide further insight into the economic outlook.
In labor market data, US Initial Jobless Claims for the week ending February 14 climbed to 219,000, exceeding the anticipated 215,000. Meanwhile, Continuing Jobless Claims edged up to 1.869 million, slightly below the forecasted 1.87 million, reflecting a still fragile employment landscape.
USDCAD moves narrowly in sideways price range, predicting today's PMI news is good for USD, price has good impact to increase price
/// BUY USDCAD: zone 1.41750 - 1.41600
SL: 1.41400
TP: 40 - 70 - 100pips ( 1.42600 )
Safe and profitable trading
Trade active
+ 15 pips profit , signal BUY USDCAD ( 1.41750 - 1.41600 ) 
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MOON | Forex Academy hopes to bring the best experience to the Forex community
💠 FREE SIGNAL
💠 Update the fastest news
💠 Trend analysis: XAU, BTC, Currency,...
💠free channel:
" t.me/+FK9DbU7tLiJiNDJl "
💠 FREE SIGNAL
💠 Update the fastest news
💠 Trend analysis: XAU, BTC, Currency,...
💠free channel:
" t.me/+FK9DbU7tLiJiNDJl "
Related publications
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.