Dollar - Canadian Dollar Analysis

EU Session Analysis for CFD Instruments 16/09/2020

Fundamental analysis

16 September, 2020 Research Department

The USD/CAD pair fell slightly to 1.3172 this morning. The pair was lower on Tuesday until the Greenback rallied, then the pair moved to up on the day. Canada’s Manufacturing Sales for July came in at 7.0%, Month-over-Month, below the analysts’ forecast of 8.7%.

Technical analysis

Time Frame: 1 hour

USDCAD Support & Resistance Table - 16/09/2020

Support & Resistance	Level	Explanation
Resistance 2	1.3223	Daily R2
Resistance 1	1.3201	Daily R1
Support 1	1.3142	Daily S1
Support 2	1.3119	Daily S2

USDCAD Indicator Table - 16/09/2020

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

USDCAD Indicator / Period Table - 16/09/2020

Indicator / Period	Day - Buy	Week - Sell	Month - Sell
MACD( 12;26;9)	Buy	Sell	Buy
RSI (14)	Buy	Sell	Neutral
SMA 20	Buy	Sell	Sell

USDCAD 16/09/2020 - Reference Price : 1.3179

Buy

Simple Moving Average	Buy (3)	Sell (0)
Technical Indicators - Oscillators	Buy (2)	Sell (1)

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