By IFCMarkets
Rising Canadian retail sales bearish for USDCAD
Canadian core retail sales declined 0.1% over month in January after 0.5% growth in December, when a 0.2% growth was expected. This is bullish for USDCAD.
Indicator | VALUE | Signal |
---|---|---|
RSI | Neutral | |
MACD | Buy | |
Donchian Channel | Neutral | |
MA(200) | Buy | |
Parabolic SAR | Buy | |
Fractals | Sell |
Summary of technical analysis
Order | Buy |
Buy stop | Above 1.4429 |
Stop loss | Below 1.4148 |
Market Analysis provided by IFCMarkets