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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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US Dollar - Canadian Dollar Chart
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