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 02/02/2022

Fundamental analysis

02 February, 2022

The USD/CAD pair traded sideways in a narrow channel on Wednesday. It is 1.26801 at midday in Europe. Canada will report its Building Permits for December later today. The United States will release weekly mortgage data and its ADP Nonfarm Employment Change for January this afternoon.

Technical analysis

Dollar - Canadian Dollar Analysis Technical analysis 02/02/2022
Time Frame: 1 hour

USDCAD Support & Resistance Table - 02/02/2022

Support & Resistance Level Explanation
Resistance 2 1.2738 Daily R2
Resistance 1 1.2710 Daily R1
Support 1 1.2634 Daily S1
Support 2 1.2605 Daily S2

USDCAD Indicator Table - 02/02/2022

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

USDCAD Indicator / Period Table - 02/02/2022

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

USDCAD 02/02/2022 - Reference Price : 1.2665

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