CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 72% 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.

Dollar - Canadian Dollar Analysis

EU Session Analysis for CFD Instruments 23/02/2021

Fundamental analysis

23 February, 2021

The USD/CAD pair traded lower during the Asian session to trade at 1.2588. The pair rose slightly on Monday, despite higher crude oil prices. Canada did not post any economic data on Monday. In the United States, the Dallas Fed Manufacturing Business index for February came in at 17.2. The U.S. Leading Index for January was reported to be 0.5%.

Technical analysis

Dollar - Canadian Dollar Analysis Technical analysis 23/02/2021
Time Frame: 1 hour

USDCAD Support & Resistance Table - 23/02/2021

Support & Resistance Level Explanation
Resistance 2 1.2653 Daily R2
Resistance 1 1.2628 Daily R1
Support 1 1.2560 Daily S1
Support 2 1.2535 Daily S2

USDCAD Indicator Table - 23/02/2021

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

USDCAD Indicator / Period Table - 23/02/2021

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

USDCAD 23/02/2021 - Reference Price : 1.2593

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