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. 70.41% 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 01/04/2021

Fundamental analysis

01 April, 2021

The USD/CAD pair fell to 1.2594 on Thursday morning. The pair tumbled lower on Wednesday. Canada’s GDP for January rose 0.7%, Month-over-Month. The consensus forecast only called for an increase of 0.5%. ADP Nonfarm Payrolls for March increased by 517,000 jobs in the United States. Analysts had predicted an increase of 550,000. U.S. Pending Home Sales for February dropped 10.6%. That was much worse than the consensus forecast of -2.6%.

Technical analysis

Dollar - Canadian Dollar Analysis Technical analysis 01/04/2021
Time Frame: 1 hour

USDCAD Support & Resistance Table - 01/04/2021

Support & Resistance Level Explanation
Resistance 2 1.2642 Daily R2
Resistance 1 1.2622 Daily R1
Support 1 1.2569 Daily S1
Support 2 1.2549 Daily S2

USDCAD Indicator Table - 01/04/2021

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 - 01/04/2021

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

USDCAD 01/04/2021 - Reference Price : 1.2595

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