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 16/07/2024

Fundamental analysis

16 July, 2024

In European trading, the US Dollar edged down against the Canadian Dollar, trading below 1.3700 levels.

In Canada CPI data is expected today. In the United States, Retail Sales data is due for release today.

Technical analysis

Dollar - Canadian Dollar Analysis Technical analysis 16/07/2024
Time Frame: 1 hour

USDCAD Support & Resistance Table - 16/07/2024

Support & Resistance Level Explanation
Resistance 2 1.3700 Daily R2
Resistance 1 1.3690 Daily R1
Support 1 1.3660 Daily S1
Support 2 1.3650 Daily S2

USDCAD Indicator Table - 16/07/2024

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

USDCAD Indicator / Period Table - 16/07/2024

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

USDCAD 16/07/2024 - Reference Price : 1.3670

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