USDCAD Analysis: Rising Canadian retail sales bearish for USDCAD

March 20, 2020

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.

IndicatorVALUESignal
RSINeutral
MACDBuy
Donchian ChannelNeutral
MA(200)Buy
Parabolic SARBuy
FractalsSell

 

Summary of technical analysis

OrderBuy
Buy stopAbove 1.4429
Stop lossBelow 1.4148

Market Analysis provided by IFCMarkets