Top 3 trade ideas for 7 November 2025
Trade ideas for EURUSD, USDCAD, and GBPUSD are available today. The ideas expire on 7 November 2025 at 00:00 (GMT +3).
EURUSD trade idea
The main trend in the EURUSD pair remains bullish; however, the short-term RSI indicator is moving downwards, signalling a possible loss of momentum and a potential bearish correction. The preferred strategy remains buying on dips, as the current risk-to-reward ratio appears unfavourable. The key support level has formed at 1.1490, where demand is expected to return. Today’s EURUSD trading idea suggests placing a pending Buy Limit order.
Market sentiment for EURUSD shows a bullish bias – 57% versus 43%. The risk-to-reward ratio stands at 1:5. Potential profit is 80 pips at the first take-profit target and 100 pips at the second, while possible losses are limited to 20 pips.
Trading plan
- Entry point: 1.1490
- Target 1: 1.1570
- Target 2: 1.1590
- Stop-Loss: 1.1470
USDCAD trade idea
There are no clear signs that the USDCAD rally has ended. Although the broader trend remains bullish, a correction with sufficient downside potential could occur without breaking the uptrend. The current risk-to-reward ratio makes buying at present levels unattractive. A breakout above the 1.4125 mark would confirm bullish momentum, with an upside target at 1.4175. Today’s USDCAD trading idea suggests placing a pending Buy Limit order.
The USDCAD pair currently shows a bearish sentiment advantage – 54% versus 46%. The risk-to-reward ratio stands at 1:3. Potential profit is 50 pips at the first take-profit target and 75 pips at the second, with possible losses capped at 25 pips.
Trading plan
- Entry point: 1.4100
- Target 1: 1.4150
- Target 2: 1.4175
- Stop-Loss: 1.4075
GBPUSD trade idea
The GBPUSD pair seems to be forming a reversal top. A short-term correction is expected; however, the Ichimoku Cloud limits the depth of the decline. Therefore, the preferred strategy remains buying on price dips with a tight stop-loss, anticipating a renewed bullish impulse. The key support level is located at 1.3070. Today’s GBPUSD trading idea suggests placing a pending Buy Limit order.
Market sentiment for GBPUSD shows a slight bullish bias – 56% versus 44%. The risk-to-reward ratio exceeds 1:3. Potential profit is 120 pips at the first take-profit target and 135 pips at the second, with possible losses limited to 42 pips.
Trading plan
- Entry point: 1.3070
- Target 1: 1.3190
- Target 2: 1.3205
- Stop-Loss: 1.3028