By IFCMarkets
USDCAD rising despite better than feared Canadian manufacturing
Manufacturing sales in Canada declined 0.2% to $56.1 billion in January, the fifth consecutive monthly decline, when 0.6% fall was expected. Despite better than expected Canadian manufacturing data USDCAD setup is bullish.
Indicator | VALUE | Signal |
---|---|---|
RSI | Neutral | |
MACD | Buy | |
Donchian Channel | Neutral | |
MA(200) | Buy | |
Fractals | Buy | |
Parabolic SAR | Buy |
Summary of technical analysis
Order | Buy |
Buy stop | Above 1.4344 |
Stop loss | Below 1.4166 |
Market Analysis provided by IFCMarkets