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 18/03/2021

Fundamental analysis

18 March, 2021

The USD/CAD pair inched higher on Thursday. It is currently 1.24157. Canada will report ADP Nonfarm Employment Change and its New Housing Price Index for February later today. The U.S. will post unemployment data for the past week and the Philadelphia Fed Manufacturing Index for March this afternoon.

Technical analysis

Dollar - Canadian Dollar Analysis Technical analysis 18/03/2021
Time Frame: 1 hour

USDCAD Support & Resistance Table - 18/03/2021

Support & Resistance Level Explanation
Resistance 2 1.2481 Daily R2
Resistance 1 1.2453 Daily R1
Support 1 1.2379 Daily S1
Support 2 1.2352 Daily S2

USDCAD Indicator Table - 18/03/2021

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

USDCAD Indicator / Period Table - 18/03/2021

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

USDCAD 18/03/2021 - Reference Price : 1.2431

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