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

EU Session Analysis for CFD Instruments 29/01/2021

Fundamental analysis

29 January, 2021

The USD/CAD pair increased this morning to 1.2865. The pair rose and fell on Thursday, finishing the European trading day close to unchanged. In Canada, Building Permits for December fell 4.1%, Month-over-Month. The consensus forecast was for a drop of 5.0%. 4th Quarter GDP in the United States came in at 4.0%, as expected. Initial Jobless Claims for the past week were 847,000, below the analysts’ forecast of 875,000.

Technical analysis

Dollar - Canadian Dollar Analysis Technical analysis 29/01/2021
Time Frame: 1 hour

USDCAD Support & Resistance Table - 29/01/2021

Support & Resistance Level Explanation
Resistance 2 1.2919 Daily R2
Resistance 1 1.2894 Daily R1
Support 1 1.2825 Daily S1
Support 2 1.2799 Daily S2

USDCAD Indicator Table - 29/01/2021

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

USDCAD Indicator / Period Table - 29/01/2021

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

USDCAD 29/01/2021 - Reference Price : 1.2857

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