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Dollar - Canadian Dollar Analysis

EU Session Analysis for CFD Instruments 08/04/2021

Fundamental analysis

08 April, 2021

The USD/CAD pair was broadly unchanged at 1.2606 on Thursday morning. The pair climbed higher on Wednesday with a few drops along the way. Canada’s Trade Balance for February printed at C$1.04 billion. The consensus forecast was C$1.00 billion. Canada’s Ivey PMI for March came in at 72.9, much better than the 60.5 the analysts had predicted. The United States released trade data figures for February. It came in at -$71.10 billion, slightly worse than the consensus forecast of -$70.50 billion.

Technical analysis

Dollar - Canadian Dollar Analysis Technical analysis 08/04/2021
Time Frame: 1 hour

USDCAD Support & Resistance Table - 08/04/2021

Support & Resistance Level Explanation
Resistance 2 1.2647 Daily R2
Resistance 1 1.2626 Daily R1
Support 1 1.2572 Daily S1
Support 2 1.2551 Daily S2

USDCAD Indicator Table - 08/04/2021

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 - 08/04/2021

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

USDCAD 08/04/2021 - Reference Price : 1.2600

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