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. 70.41% 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 16/08/2021

Fundamental analysis

16 August, 2021

The USD/CAD pair climbed higher on Monday. The Loonie was hurt by falling oil prices. It is 1.25505 at lunchtime in Europe. Canada wil post Manufacturing Sales for June this afternoon. The United States will release its Empire State Manufacturing Index for August this afternoon.

Technical analysis

Dollar - Canadian Dollar Analysis Technical analysis 16/08/2021
Time Frame: 1 hour

USDCAD Support & Resistance Table - 16/08/2021

Support & Resistance Level Explanation
Resistance 2 1.2582 Daily R2
Resistance 1 1.2567 Daily R1
Support 1 1.2527 Daily S1
Support 2 1.2512 Daily S2

USDCAD Indicator Table - 16/08/2021

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

USDCAD Indicator / Period Table - 16/08/2021

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

USDCAD 16/08/2021 - Reference Price : 1.2547

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