SELL USDCAD 1.2642
SL: 1.2672
TP1: 1.2622
TP2: 1.2602
TP3: 1.2582
Signal Analysis by LCMS Traders
Currency Pair: USDCAD
SELL USDCAD 1.2642
Timeframe: H1
Step 1 - Previous News: USD: Preliminary GDP q/q slight upwards revision, Core PCE Price Index continued rise, New Home Sales decline in the number, CAD: -
Step 2 - Trend: Up to Across, Counter Trend
Step 3 - Support/Resistance: Moving Towards Support
Step 4 - Indicators
- Bollinger Bands: within
- MACD: fast touch, slow down
- Stochastic: H4 heading into over sold
- PSAR: bearish
Step 5 - Upcoming News: USD: Bank Holiday today, CAD: -
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