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 07/05/2024

Fundamental analysis

07 May, 2024

In European trading, the US Dollar was marginally higher against the Canadian Dollar, trading above 1.3600 levels.

Canada is not slated to announce any major economic data today. Today, The United States is set to release no significant data.

Technical analysis

Dollar - Canadian Dollar Analysis Technical analysis 07/05/2024
Time Frame: 1 hour

USDCAD Support & Resistance Table - 07/05/2024

Support & Resistance Level Explanation
Resistance 2 1.3737 Daily R2
Resistance 1 1.3712 Daily R1
Support 1 1.3648 Daily S1
Support 2 1.3624 Daily S2

USDCAD Indicator Table - 07/05/2024

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

USDCAD Indicator / Period Table - 07/05/2024

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

USDCAD 07/05/2024 - Reference Price : 1.3680

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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