CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% 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.
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Dollar - Canadian Dollar Analysis

US Session Analysis for CFD Instruments 16/10/2020

Fundamental analysis

16 October, 2020

The USD/CAD pair made a modest fluctuation on Friday but is now unchanged at lunchtime in Europe. It is sitting at 1.32304, roughly unchanged on the day. Canada will report manufacturing Sales for August later today. Economic data from the United States this afternoon could move the pair.

Technical analysis

Dollar - Canadian Dollar Analysis Technical analysis 16/10/2020
Time Frame: 1 hour

USDCAD Support & Resistance Table - 16/10/2020

Support & Resistance Level Explanation
Resistance 2 1.3257 Daily R2
Resistance 1 1.3236 Daily R1
Support 1 1.3182 Daily S1
Support 2 1.3162 Daily S2

USDCAD Indicator Table - 16/10/2020

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

USDCAD Indicator / Period Table - 16/10/2020

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

USDCAD 16/10/2020 - Reference Price : 1.3191

Buy
Simple Moving AverageBuy (2)Sell (1)
Technical Indicators - OscillatorsBuy (1)Sell (2)
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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% 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. Be Aware: You can lose all, but not more than the balance of your Trading Account. These products may not be suitable for all clients therefore ensure you understand the risks and seek independent advice. This material does not constitute an offer of, or solicitation for, a transaction in any financial instrument. Fortrade accepts no responsibility for any use that may be made of the information and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information, consequently any person acting on it does so entirely at their own risk.

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Fortrade Canada Limited is an Order Execution Only broker, a member of the Investment Industry Regulatory Organization of Canada (IIROC) and a member of the Canadian Investor Protection Fund (CIPF). CFD trading is only available in provinces in which Fortrade Canada Limited is authorized, which include British Columbia and Ontario ONLY.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Be Aware: You can lose all, but not more than the balance of your Trading Account. These products may not be suitable for all clients therefore ensure you understand the risks and seek independent advice. You do not own, or have any interest in, the underlying assets.

Fortrade Canada Limited is licensed and regulated by the Investment Industry Regulatory Organization of Canada (IIROC) and a member of the Canadian Investor Protection Fund (CIPF). Company registration number: BC1148613.

Risk warning   Privacy policy
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 CFDs work and whether you can afford to take the high risk of losing your money. Be Aware: You can lose all, but not more than the balance of your Trading Account. These products may not be suitable for all clients therefore ensure you understand the risks and seek independent advice. This material does not constitute an offer of, or solicitation for, a transaction in any financial instrument. Fortrade accepts no responsibility for any use that may be made of the information and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information, consequently any person acting on it does so entirely at their own risk.

The information on this site is not directed at residents of the United States or Belgium and is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.

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