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 05/02/2021

Fundamental analysis

05 February, 2021

The USD/CAD pair inched higher to 1.2828. The pair moved higher on Thursday. Canada did not release any significant economic data on Thursday. In the United States, there were 779,000 new jobless claims filed for the past week. The consensus forecast was for 830,000 claims. Factory Orders for December beat expectations rising 1.1% versus the 0.7 % that had been expected.

Technical analysis

Dollar - Canadian Dollar Analysis Technical analysis 05/02/2021
Time Frame: 1 hour

USDCAD Support & Resistance Table - 05/02/2021

Support & Resistance Level Explanation
Resistance 2 1.2862 Daily R2
Resistance 1 1.2840 Daily R1
Support 1 1.2784 Daily S1
Support 2 1.2762 Daily S2

USDCAD Indicator Table - 05/02/2021

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

USDCAD Indicator / Period Table - 05/02/2021

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

USDCAD 05/02/2021 - Reference Price : 1.2811

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