CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% 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. 70.91% 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 all your money. Read full risk warning.

Dollar - Canadian Dollar Analysis

US Session Analysis for CFD Instruments 05/03/2021

Fundamental analysis

05 March, 2021

The USD/CAD pair moved sharply higher on Friday. It is 1.27156 at midday in Europe. Rising oil prices couldn’t help the Loonie against the attraction of higher U.S. treasury yields. Canada will post trade data for January and its Ivey PMI for February later today. The United States will release unemployment data for February this afternoon. Rising treasury yields in the United States are powering the Greenback higher against most currencies.

Technical analysis

Dollar - Canadian Dollar Analysis Technical analysis 05/03/2021
Time Frame: 1 hour

USDCAD Support & Resistance Table - 05/03/2021

Support & Resistance Level Explanation
Resistance 2 1.27718 Daily R2
Resistance 1 1.27400 Daily R1
Support 1 1.26552 Daily S1
Support 2 1.26234 Daily S2

USDCAD Indicator Table - 05/03/2021

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

USDCAD Indicator / Period Table - 05/03/2021

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

USDCAD 05/03/2021 - Reference Price : 1.26976

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