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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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US Dollar - Canadian Dollar Chart
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