April 9, 2020
By IFCMarkets
Falling building permits in Canada bullish for USDCAD
Building permits fell in Canada more than expected in February: total number of building permits issued by Canadian municipalities decreased 7.3% in February, after 3.3% rise in January, when a 4%decline was forecast. This is bullish for USDCAD.
| Indicator | VALUE | Signal |
|---|---|---|
| RSI | Neutral | |
| MACD | Buy | |
| Donchian Channel | Buy | |
| MA(200) | Sell | |
| Fractals | Buy | |
| Parabolic SAR | Buy |
Summary of technical analysis
| Order | Buy |
| Buy stop | Above 1.4055 |
| Stop loss | Below 1.4008 |
Market Analysis provided by IFCMarkets
