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. 70.91% 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 28/10/2024

Fundamental analysis

28 October, 2024

In European trading, the US Dollar declined against the Canadian Dollar, trading below 1.3900 levels.

The USD/CAD pair retreated after hitting a more than two month high earlier in the Asian session. In Canada Governor Macklen spoke earlier in the session. In the United States, there are no major data releases today.

Technical analysis

Dollar - Canadian Dollar Analysis Technical analysis 28/10/2024
Time Frame: 1 hour

USDCAD Support & Resistance Table - 28/10/2024

Support & Resistance Level Explanation
Resistance 2 1.3925 Daily R2
Resistance 1 1.3911 Daily R1
Support 1 1.3873 Daily S1
Support 2 1.3859 Daily S2

USDCAD Indicator Table - 28/10/2024

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 - 28/10/2024

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

USDCAD 28/10/2024 - Reference Price : 1.3891

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