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USD/CAD Signal - USD Initial Jobless Claims - 22 Apr 2021

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Signal Details
Entry Price: 
1.2501
Take Profit: 
1.2580
Stop Loss: 
1.2420
Direction: 
Buy
How we trade
Average: 5 (1 vote)

USDCAD is trending to the upside following a bounce off support prior to USD initial Jobless Claims, which is a measure of the number of people filing first-time claims for state unemployment insurance. Technically the PPO has performed a bullish cross and price is at a key support zone. We anticipate upside into the 1.2580 level!

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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.