USDCAD Analysis: Increasing Canadian retail sales bearish for USDCAD

July 23, 2020

By IFCMarkets

Increasing Canadian retail sales bearish for USDCAD

Canada’s retail sales rose in May: retail sales surplus rose 18.7% over month in May after 25% drop in April. This is bearish for USDCAD.

IndicatorVALUESignal
RSINeutral
MACDBuy
Donchian ChannelSell
MA(200)Sell
FractalsSell
Parabolic SARBuy

 

Summary of technical analysis

OrderSell
Buy stopBelow 1.3370
Stop lossAbove 1.3413

Market Analysis provided by IFCMarkets