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Dollar - Canadian Dollar Analysis

US Session Analysis for CFD Instruments 23/02/2021

Fundamental analysis

23 February, 2021

The USD/CAD pair climbed higher on Tuesday. Rising oil prices could not help the Loonie today. Canada is not scheduled to release any economic data today. The United States will post housing data and consumer confidence figures this afternoon. Fed Chairman Jerome Powell is scheduled to testify before Congress today and tomorrow.

Technical analysis

Dollar - Canadian Dollar Analysis Technical analysis 23/02/2021
Time Frame: 1 hour

USDCAD Support & Resistance Table - 23/02/2021

Support & Resistance Level Explanation
Resistance 2 1.2677 Daily R2
Resistance 1 1.2652 Daily R1
Support 1 1.2584 Daily S1
Support 2 1.2559 Daily S2

USDCAD Indicator Table - 23/02/2021

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

USDCAD Indicator / Period Table - 23/02/2021

Indicator / Period Day - SellWeek - SellMonth - Sell
MACD( 12;26;9) Sell SellSell
RSI (14) Sell SellSell
SMA 20 Sell SellSell

USDCAD 23/02/2021 - Reference Price : 1.2612

Sell
Simple Moving AverageBuy (0)Sell (3)
Technical Indicators - OscillatorsBuy (1)Sell (2)
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