Global Markets

News
Columns
7x24
Economic Calendar
Quotes

Data

Data Warehouse Market Trend Institutional Data Policy Rates Macro

Market Trend

Speculative Sentiment Orders and Positions Correlation

Popular Indicators

Analysis
AI Signal

Trading Signals

AI Signal

Pro
Recent Searches
    Trending Searches
      News
      7x24
      Quotes
      Economic Calendar
      Video
      Data
      • Names
      • Latest
      • Prev.

      View All

      No data

      Sign in

      Sign up

      Membership
      Quick Access to 7x24 Real-time Quotes
      Upgrade to Pro

      --

      • My Favorites
      • Following
      • My Subscription
      • Profile
      • Orders
      • FastBull Pro
      • Account Settings
      • Sign out

      Scan to download

      Faster Financial News and Market Quotes

      Download App
      Reminder Settings
      • Economic Calendar
      • Quotes/Market Quotes

      Reminders Temporarily Unavailable

      I have a redeem code

      Rules for using redeem codes:

      1.The activated redeem code cannot be used again

      2. Your redeem code becomes invalid if it has expired

      Redeem
      FastBull Membership Privileges
      Quick Access to 7x24
      Quick Access to More Editor-selected Real-time News
      Real-time Quotes
      View more faster market quotes
      Upgrade to FastBull Pro
      I have read and agreed to the
      Pro Policy
      Feedback
      0 /250
      0/4
      Contact Information
      Submit
      Invite

      Bottoming Out and Rebounding, Uptrend May Return

      Alan

      Forex

      Summary:

      Recent employment data released by Canada shows unexpected weakness in the labor market, which may cause the Canadian dollar to come under pressure and weaken.

      Buy

      USDCAD

      End Time
      CLOSED

      1.37925

      Entry Price

      1.39900

      TP

      1.37100

      SL

      1.37375 -0.00114 -0.08%

      859

      Points

      Profit

      1.37100

      SL

      1.38784

      CLOSING

      1.37925

      Entry Price

      1.39900

      TP

      Fundamentals

      Canada's July employment report revealed unexpected softness, with a net loss of approximately 41,000 jobs and the unemployment rate holding steady at 6.9%. This heightened market expectations that the central bank could shift to an easing stance (e.g., a rate cut in September or more dovish language) in the near term, exerting downward pressure on the Canadian dollar. 
      At the monetary policy level, the Bank of Canada kept its target interest rate unchanged at 2.75% last month. It emphasized in its monetary policy report that while inflation is approaching the target, risks of slowing economic growth persist. As a result, the market is closely watching whether upcoming data will support the Bank of Canada in maintaining its current stance or initiating an easing path. If CPI or employment data remains weak, the market will further lower expectations for Canadian interest rates, thereby weakening the Canadian dollar. Conversely, a rebound in inflation or improvement in employment data could lead to a rapid recovery in the Canadian dollar. 

      Technical Analysis

      Bottoming Out and Rebounding, Uptrend May Return_1
      After a period of sustained declines, USD/CAD has recently consolidated and bottomed out around 1.3570 in the daily chart. It tested this level three times consecutively without breaking below, signaling strong support and gradual accumulation of bullish momentum. Subsequently, in early August, driven by bulls, the pair breached the upper bound of its consolidation range at 1.3760, unlocking upside potential. 
      Currently, after breaching 1.3760, USD/CAD rallied to 1.3879 before correcting downward. It closed higher on August 7th to halt the decline and has maintained an upward trend for three consecutive trading days since then. This indicates that the previous consolidation range's upper bound of 1.3760 transitioned from resistance to support. Moreover, the short-term shift in candlestick structure further strengthened bullish momentum.

      Trading Recommendations

      Trading direction: Sell
      Entry price: 1.3780
      Target price: 1.3990
      Stop loss: 1.3710
      Valid Until: August 26, 2025, 23:00:00
      Support: 1.3721/1.3570
      Resistance: 1.3879/1.4000
      Risk Warnings and Investment Disclaimers
      You understand and acknowledge that there is a high degree of risk involved in trading with strategies. Following any strategies or investment methodologies is the potential for loss. The content on the site is being provided by our contributors and analysts for information purposes only. You alone are solely responsible for determining whether any trading assets, or securities, or strategy, or any other product is suitable for you based on your investment objectives and financial situation.

      Quick Access to 7x24

      Quick Access to More Editor-selected Real-time News

      Exclusive video for free

      FastBull project team is dedicated to create exclusive videos

      Real-time Quotes

      View more faster market quotes

      More comprehensive macro data and economic indicators

      Members have access to entire historical data, guests can only view the last 4 years

      Member-only Database

      Comprehensive forex, commodity, and equity market data

      FastBull
      English
      English
      العربية
      繁體中文
      简体中文
      Bahasa Melayu
      Bahasa Indonesia
      ภาษาไทย
      Tiếng Việt
      Telegram Instagram Twitter facebook linkedin App StoreGoogle Play
      Copyright © 2025 FastBull Ltd
      Home News Columns 7x24 Economic Calendar Quotes Video Data WarehouseAnalysis AI Signal Pro User Agreement Privacy Policy About Us

      Risk Disclosure

      The risk of loss in trading financial assets such as stocks, FX, commodities, futures, bonds, ETFs or crypto can be substantial. You may sustain a total loss of the funds that you deposit with your broker. Therefore, you should carefully consider whether such trading is suitable for you in light of your circumstances and financial resources.

      No consideration to invest should be made without thoroughly conduct your own due diligence, or consult with your financial advisors. Our web content might not suit you, since we have not known your financial condition and investment needs. It is possible that our financial information might have latency or contains inaccuracy, so you should be fully responsible for any of your transactions and investment decisions. The company will not be responsible for your capital lost.

      Without getting the permission from the website, you are not allow to copy the website graphics, texts, or trade marks. Intellectual property rights in the content or data incorporated into this website belongs to its providers and exchange merchants.