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 10/05/2021

Fundamental analysis

10 May, 2021

The USD/CAD pair was slightly lower moving to 1.2120. The pair finished roughly unchanged on Friday after climbing earlier in the day. The Loonie was one of the few major currency not to gain against the Greenback on Friday. Canada’s Employment CHange printed at -207,100. The consensus forecast called for a drop of 175,000. Canada’s Ivey PMI for April came in at 60.1, just a tenth over the 60.5 that analysts had estimated. The United States posted disappointing job data for April. Only 266,000 new jobs were created instead of the 978,000 that analysts had predicted. The U.S. Unemployment Rate for April climbed to 6.1%. The consensus forecast was a drop to 5.8%.

Technical analysis

Dollar - Canadian Dollar Analysis Technical analysis 10/05/2021
Time Frame: 1 hour

USDCAD Support & Resistance Table - 10/05/2021

Support & Resistance Level Explanation
Resistance 2 1.2170 Daily R2
Resistance 1 1.2147 Daily R1
Support 1 1.2083 Daily S1
Support 2 1.2060 Daily S2

USDCAD Indicator Table - 10/05/2021

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 - 10/05/2021

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

USDCAD 10/05/2021 - Reference Price : 1.2112

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