CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% 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 19/01/2023

Fundamental analysis

19 January, 2023

The USD/CAD pair strengthened today. Wholesale Sales in November in Canada fell from 1.9% to 0.5% below expected 1.9%. The US dollar remains under pressure after yesterdays worse than expected economic results. Both retail sales and PPI data also were disappointing. Today's reports showed that initial jobless claims last week fell from 205K to 190K and the Philadelphia Fed manufacturing Index in January improved from -13.7 to -8.9.

Technical analysis

Dollar - Canadian Dollar Analysis Technical analysis 19/01/2023
Time Frame: 1 hour

USDCAD Support & Resistance Table - 19/01/2023

Support & Resistance Level Explanation
Resistance 2 1.3565 Daily R2
Resistance 1 1.3534 Daily R1
Support 1 1.3452 Daily S1
Support 2 1.3421 Daily S2

USDCAD Indicator Table - 19/01/2023

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

USDCAD Indicator / Period Table - 19/01/2023

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

USDCAD 19/01/2023 - Reference Price : 1.3492

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