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 05/08/2022

Fundamental analysis

05 August, 2022

The Canadian dollar is weaker today. The USD/CAD pair are currently trading at 1.2883. Canada will report an Employment Change for July later today. Ivey PMI for July will also be reported. The United States will print the Unemployment Rate for July later today. The Nonfarm Payroll for July is also set to be reported.

Technical analysis

Dollar - Canadian Dollar Analysis Technical analysis 05/08/2022
Time Frame: 1 hour

USDCAD Support & Resistance Table - 05/08/2022

Support & Resistance Level Explanation
Resistance 2 1.29327 Daily R2
Resistance 1 1.29130 Daily R1
Support 1 1.28604 Daily S1
Support 2 1.28407 Daily S2

USDCAD Indicator Table - 05/08/2022

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

USDCAD Indicator / Period Table - 05/08/2022

Indicator / Period Day - BuyWeek - SellMonth - Buy
MACD( 12;26;9) Buy SellBuy
RSI (14) Buy BuyBuy
SMA 20 Buy SellBuy

USDCAD 05/08/2022 - Reference Price : 1.28867

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