Sorry, you need to enable JavaScript to visit this website.

USD/CAD Signal - USD ISM Manufacturing Employment - 5 Jan 2021

You are here

Signal Details
Entry Price: 
1.2760
Take Profit: 
1.2860
Stop Loss: 
1.2710
Direction: 
Buy
How we trade
Average: 5 (3 votes)

USDCAD is trending to the upside prior to the USD ISM Manufacturing Employment data release, which provides an indication of employment in manufacturing sectors. Technically the pair is above the moving averages and the 1.2735 pivot and we anticipate upside into 1.2860.

Live Broker Spreads

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.