CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% 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 29/07/2021

Fundamental analysis

29 July, 2021

The USD/CAD pair fell firmly lower on Thursday. It is 1.2469 at lunchtime in Europe. The dollar has been falling against a basket of other currencies after the Fed announced no change to its rate policy or on tapering at its meeting yesterday. The United States will report GDP for Q2 data this afternoon and Initial Jobless Claims data, both at 13:30 GMT+1.

Technical analysis

Dollar - Canadian Dollar Analysis Technical analysis 29/07/2021
Time Frame: 1 hour

USDCAD Support & Resistance Table - 29/07/2021

Support & Resistance Level Explanation
Resistance 2 1.2515 Daily R2
Resistance 1 1.2495 Daily R1
Support 1 1.2441 Daily S1
Support 2 1.2421 Daily S2

USDCAD Indicator Table - 29/07/2021

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

USDCAD Indicator / Period Table - 29/07/2021

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

USDCAD 29/07/2021 - Reference Price : 1.2469

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