BUY USDCAD 1.2531
SL: 1.2501
TP1: 1.2551
TP2: 1.2571
TP3: 1.2591
Signal Analysis by LCMS Traders
Currency Pair: USDCAD
BUY USDCAD 1.2531
Timeframe: H1
Step 1 - Previous News: USD: Some FOMC members concerned longer-term inflation expectations, CAD: Ivey PMI data increase in the pace of expansion
Step 2 - Trend: Up, Trend Following
Step 3 - Support/Resistance: Breaking Through Resistance
Step 4 - Indicators
- Bollinger Bands: within
- MACD: both up
- Stochastic: H4 in over bought
- PSAR: bullish
Step 5 - Upcoming News: USD: -, CAD: -
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