CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 72% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Dollar - Canadian Dollar Analysis

US Session Analysis for CFD Instruments 31/07/2020

Fundamental analysis

31 July, 2020

The USD/CAD edged higher during the European session on Friday after the Loonie recovered some of its losses against the Greenback from Thursday then reversed climbing to 1.3430 after midday in Europe. Oil rising off of Thursday's lows helped the USD/CAD pair. Canada will be reporting GDP for May and some price indices when the sun comes up in Canada. GDP is expected to print at 3.5%, Month-over-Month.

Technical analysis

Dollar - Canadian Dollar Analysis Technical analysis 31/07/2020
Time Frame: 1 hour

USDCAD Support & Resistance Table - 31/07/2020

Support & Resistance Level Explanation
Resistance 2 1.3475 Daily R2
Resistance 1 1.3450 Daily R1
Support 1 1.3385 Daily S1
Support 2 1.3361 Daily S2

USDCAD Indicator Table - 31/07/2020

Indicator Signal
SMA 20 Buy
SMA 50 Buy
SMA 100 Sell
MACD( 12;26;9) Neutral
RSI (14) Buy
Stochastic ( 9;6;3) Sell

USDCAD Indicator / Period Table - 31/07/2020

Indicator / Period Day - BuyWeek - SellMonth - Sell
MACD( 12;26;9) Neutral SellBuy
RSI (14) Buy SellNeutral
SMA 20 Buy SellSell

USDCAD 31/07/2020 - Reference Price : 1.3422

Buy
Simple Moving AverageBuy (2)Sell (1)
Technical Indicators - OscillatorsBuy (1)Sell (1)
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Be aware of the holiday trading hours for:

  • Early May Bank Holiday: United Kingdom, Monday 03 May 2021.
Instrument 03.05.2021 04.05.201
ALL FOREX Regular Regular
Indices
UK 100 Closed Regular
Equities
Equities UK Closed Regular
  • Ascension Day: Sweden, Norway, and Finland, Thursday 13 May 2021.
Instrument 12.05.2021 13.05.2021 14.05.2021 17.05.2021
ALL FOREX Regular Regular Regular Regular
Equities
Equities Stockholm Closed Closed Closed Closed
Equities Helsinki Closed Closed Closed Closed
Equities Oslo Closed Closed Closed Closed
  • Hari Raya Puasa, Thursday, 13 May 2021 in Singapore.
  • Buddha’s Birthday, Thursday 19 in Hong Kong.
Instrument 13.05.2021 14.05.2021 19.05.2021 20.05.2021
ALL FOREX Regular Regular Regular Regular
Indices
Hong Kong 50 Regular Regular closed Regular
CHINA 50 closed Regular Regular Regular
  • Monday, 24 May 2021 for Whit Monday in Germany and Switzerland and Victoria Day in Canada.
Instrument 24.05.2021 25.05.201
ALL FOREX Regular Regular
Indices
SWI20 Closed Regular
GER30 Closed Regular
CAD60 Closed Regular
Equities
Equities Germany Closed Regular
Equities Canada Closed Regular
  • Monday, 31 May 2021 for Memorial Day in the United States and Late May Bank Holiday in the UK.
Instrument 31/05/2021 1/6/2021
ALL FOREX Regular Regular
Indices
USA500 Early close 16:59 Regular
USA100 Early close 16:59 Regular
USA30 Early close 16:59 Regular
USA2000 Early close 16:59 Regular
DOLLAR INDEX Early close 16:59 Regular
UK100 Closed Regular
Energy
Crude oil Early close 16:59 Regular
Brent Oil Early close 17:29 Regular
Natural Gas Early close 16:59 Regular
Heating oil Early close 16:59 Regular
Gasoline Early close 16:59 Regular
Commodities
Corn Closed Regular
Soybeans Closed Regular
Wheat Closed Regular
Sugar Closed Regular
Cotton No.2 Closed Regular
Metals
Gold Early close 16:59 Regular
Silver Early close 16:59 Regular
Copper Early close 16:59 Regular
Platinum Early close 16:59 Regular
Palladium Early close 16:59 Regular
Bonds
Bonds Early close 16:59 Regular
Equities US
Equities US Closed Regular
Equities UK Closed Regular
  • Please note all times indicated are GMT
  • The above times may be subject to change
  • Please note that in case of low liquidity in a specific FX or metals instrument, the DR may widen the spreads and even close the instrument for trading – every change of that character will be notified ahead by the DR.
  • CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 72% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
  • CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. The vast majority of retail client accounts lose money when trading in CFDs. You should consider whether you understand how leveraged contracts work and whether you can afford to take the high risk of losing your money.