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

EU Session Analysis for CFD Instruments 12/01/2021

Fundamental analysis

12 January, 2021

The USD/CAD pair was broadly unchanged this morning at 1.2782. The pair moved sharply higher on Monday but pulled back from its highs before the end of the day. Canada’s economic calendar was empty on Monday. In the United States, the CB Employment Trends for December printed at 99.01.

Technical analysis

Dollar - Canadian Dollar Analysis Technical analysis 12/01/2021
Time Frame: 1 hour

USDCAD Support & Resistance Table - 12/01/2021

Support & Resistance Level Explanation
Resistance 2 1.2833 Daily R2
Resistance 1 1.2803 Daily R1
Support 1 1.2723 Daily S1
Support 2 1.2693 Daily S2

USDCAD Indicator Table - 12/01/2021

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

USDCAD Indicator / Period Table - 12/01/2021

Indicator / Period Day - BuyWeek - SellMonth - Sell
MACD( 12;26;9) Buy SellSell
RSI (14) Sell SellSell
SMA 20 Buy SellSell

USDCAD 12/01/2021 - Reference Price : 1.2750

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