CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 77% 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. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

Dollar - Canadian Dollar Analysis

US Session Analysis for CFD Instruments 22/09/2021

Fundamental analysis

22 September, 2021

The USD/CAD pair fell moderately lower in choppy trading. It is 1.27744 at lunchtime in Europe. Canada is not expected to post any significant economic data. The United States will release Home Sales for August and weekly mortgage data this afternoon. The U.S. Federal Reserve will announce its latest interest rate decision and hold a press conference this evening. Investors and traders are waiting to hear any inclination of if, when, and how much the Fed will start winding down their asset purchase program currently running at $120 billion per month.

Technical analysis

Dollar - Canadian Dollar Analysis Technical analysis 22/09/2021
Time Frame: 1 hour

USDCAD Support & Resistance Table - 22/09/2021

Support & Resistance Level Explanation
Resistance 2 1.2852 Daily R2
Resistance 1 1.2819 Daily R1
Support 1 1.2731 Daily S1
Support 2 1.2698 Daily S2

USDCAD Indicator Table - 22/09/2021

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

USDCAD Indicator / Period Table - 22/09/2021

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

USDCAD 22/09/2021 - Reference Price : 1.2780

Buy
Simple Moving AverageBuy (3)Sell (0)
Technical Indicators - OscillatorsBuy (1)Sell (2)
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US Dollar - Canadian Dollar Chart
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