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 27/04/2022

Fundamental analysis

27 April, 2022

During most of the European trade, the Canadian dollar is mostly at the level of this morning compared to the American one. The price of crude oil has slowed in the last few days. By the way, Canada generates large revenues from the sale of oil. On the other hand, the American currency is in a big rush against all major currencies due to the commitment of Fed officials to accelerate the tightening of monetary policy. Hawkish positions of the creators of monetary policy in the USA, including the chairman Jerome Powell, give strength to the American dollar whose index has stabilized at over 102 points. At around 13:00, the US dollar was trading at 1.2835 Canadian, which is a weakening of Loonie by 0.24% since the close of trading on Friday.

Technical analysis

Dollar - Canadian Dollar Analysis Technical analysis 27/04/2022
Time Frame: 1 hour

USDCAD Support & Resistance Table - 27/04/2022

Support & Resistance Level Explanation
Resistance 2 1.2928 Daily R2
Resistance 1 1.2890 Daily R1
Support 1 1.2788 Daily S1
Support 2 1.2750 Daily S2

USDCAD Indicator Table - 27/04/2022

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

USDCAD Indicator / Period Table - 27/04/2022

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

USDCAD 27/04/2022 - Reference Price : 1.2831

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