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 11/02/2021

Fundamental analysis

11 February, 2021

The USD/CAD pair was slightly lower moving to 1.2693. The pair moved slightly lower on Wednesday. Canada did not release any economic data on Wednesday. CPI numbers in the United States were slightly weaker than expected. Core CPI came in at 0.0% Month-over-Month, and 1.4%, Year-over-Year. Analysts had been expecting 0.2% and 1.5% respectively.

Technical analysis

Dollar - Canadian Dollar Analysis Technical analysis 11/02/2021
Time Frame: 1 hour

USDCAD Support & Resistance Table - 11/02/2021

Support & Resistance Level Explanation
Resistance 2 1.2822 Daily R2
Resistance 1 1.2791 Daily R1
Support 1 1.2708 Daily S1
Support 2 1.2678 Daily S2

USDCAD Indicator Table - 11/02/2021

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

USDCAD Indicator / Period Table - 11/02/2021

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

USDCAD 11/02/2021 - Reference Price : 1.2752

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