BUY USDCAD 1.2414
SL: 1.2384
TP1: 1.2434
TP2: 1.2454
TP3: 1.2474
Signal Analysis by LCMS Traders
Currency Pair: USDCAD
BUY USDCAD 1.2414
Timeframe: H1
Step 1 - Previous News: USD: ADP Non-Farm Employment Change expected increase in jobs, CAD: GDP m/m 2030hrs
Step 2 - Trend: Up to Across, Trend Following
Step 3 - Support/Resistance: Breaking Through Resistance
Step 4 - Indicators
- Bollinger Bands: within
- MACD: both flat to up
- Stochastic: H4 heading up
- PSAR: bullish
Step 5 - Upcoming News: USD: ISM Manufacturing PMI 2200hrs, CAD: OPEC+ meetings today, Bank Holiday
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