USDCAD forecast bullish after Canadian wholesale trade data
Tổng quan phân tích kỹ thuật USD/CAD: Mua
| Chỉ thị | Giá trị | Tín hiệu |
| RSI | Trung lập | |
| MACD | Trung lập | |
| Donchian Channel | Mua | |
| MA(200) | Mua | |
| Fractals | Mua | |
| Parabolic SAR | Mua |
Phân tích biểu đồ
The technical analysis of the USDCAD price chart on 4-hour timeframe shows USDCAD, H4 is rising after returning above the 200-period moving average MA(200) which is tilted up. We believe the bullish movement will continue after the price breaches above the upper bound of the Donchian channel at 1.3813. A level above this can be used as an entry point for placing a pending order to buy. The stop loss can be placed below 1.3724. After placing the order, the stop loss is to be moved to the next fractal low indicator, following Parabolic signals. Thus, we are changing the expected profit/loss ratio to the breakeven point. If the price meets the stop loss level without reaching the order, we recommend cancelling the order: the market has undergone internal changes which were not taken into account.
Phân tích vĩ mô -
Canada’s wholesale sales didn’t change in February. Will the USDCAD price continue rebounding?
Canada’s wholesale sales didn’t change in February: Statistics Canada reported wholesale sales remained unchanged in February after 0.2% decline over month in January when an 0.8% increase was expected. Wholesale sales is a leading indicator of consumer spending - retailers generally order more goods from wholesalers when they expect consumer sales to increase. Stagnant Canadian wholesale sales is bearish for Canadian dollar and bullish for USDCAD currency pair.