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USD/CAD Signal - USD Initial Jobless Claims - 21 Jan 2021

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Signal Details
Entry Price: 
1.2620
Take Profit: 
1.2565
Stop Loss: 
1.2685
Direction: 
Sell
How we trade
Average: 5 (1 vote)

USDCAD is trending to the downside today prior to the USD Initial Jobless Claims data, which measures the number of people filing first-time claims for state unemployment insurance. Technically the pair is holding below the 1.2655 pivot and is below the moving averages. Technically we anticipate downside into the 1.2565 pivot.

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Disclaimer: The article is written for informative purposes only and it is not financial advice. The author does not have any position in the currency pairs mentioned, and no plans to initiate a position. He wrote the article himself and expressed his own opinions. Readers should not treat any opinion expressed by the author as a specific inducement to make a particular trade or follow a particular strategy, but only as an expression of his opinion. All risks and coasts associated with online trading are your responsibility.