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.
Indicator | VALUE | Signal |
---|---|---|
RSI | Neutral | |
MACD | Buy | |
Donchian Channel | Sell | |
MA(200) | Sell | |
Fractals | Sell | |
Parabolic SAR | Buy |
Summary of technical analysis
Order | Sell |
Buy stop | Below 1.3370 |
Stop loss | Above 1.3413 |
Market Analysis provided by IFCMarkets