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 25/03/2021

Fundamental analysis

25 March, 2021

The USD/CAD pair inched higher to 1.2571 on Thursday morning. The pair slid lower on Wednesday. Canada’s economic calendar was empty. Durable Goods Orders in the United States missed their forecasts. The Core Durable Goods Orders for February dropped 0.9%, much worse than the 0.6% increase that analysts had expected. Its Manufacturing PMI for March printed at 59.0. The consensus forecast was 59.3.

Technical analysis

Dollar - Canadian Dollar Analysis Technical analysis 25/03/2021
Time Frame: 1 hour

USDCAD Support & Resistance Table - 25/03/2021

Support & Resistance Level Explanation
Resistance 2 1.2635 Daily R2
Resistance 1 1.2607 Daily R1
Support 1 1.2534 Daily S1
Support 2 1.2506 Daily S2

USDCAD Indicator Table - 25/03/2021

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

USDCAD Indicator / Period Table - 25/03/2021

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

USDCAD 25/03/2021 - Reference Price : 1.2573

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