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Dollar - Canadian Dollar Analysis

EU Session Analysis for CFD Instruments 16/09/2020

Fundamental analysis

16 September, 2020

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

Dollar - Canadian Dollar Analysis Technical analysis 16/09/2020
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 - BuyWeek - SellMonth - Sell
MACD( 12;26;9) Buy SellBuy
RSI (14) Buy SellNeutral
SMA 20 Buy SellSell

USDCAD 16/09/2020 - Reference Price : 1.3179

Buy
Simple Moving AverageBuy (3)Sell (0)
Technical Indicators - OscillatorsBuy (2)Sell (1)
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