Canada’s economy continued to grow in October: the gross domestic product (GDP) grew 0.4% over month in October after 0.8% growth in September, when a 0.3% increase was forecast. This is bearish for USDCAD.
| Indicator | VALUE | Signal |
|---|---|---|
| RSI | Neutral | |
| MACD | Sell | |
| Donchian Channel | Neutral | |
| MA(200) | Buy | |
| Fractals | Sell | |
| Parabolic SAR | Sell |
Summary of technical analysis
| Order | Sell |
| Buy stop | Below 1.2807 |
| Stop loss | Above 1.2842 |