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 |
| Order | Buy |
| Buy stop | Above 1.4344 |
| Stop loss | Below 1.4166 |
Market Analysis provided by IFCMarkets