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 20/05/2021

Fundamental analysis

20 May, 2021

The USD/CAD pair decreased, moving to 1.2111. The pair finished yesterday firmly higher,as the dollar firmed, fell and strengthened again. In Canada yesterday Core CPI and CPI figures were slightly above expectations. Later in the session Federal Reserve meeting minutes showed participants agreed the U.S. economy remained far from the central bank’s goals, with some eyeing a future discussion of tapering its bond buying program.

Technical analysis

Dollar - Canadian Dollar Analysis Technical analysis 20/05/2021
Time Frame: 1 hour

USDCAD Support & Resistance Table - 20/05/2021

Support & Resistance Level Explanation
Resistance 2 1.2166 Daily R2
Resistance 1 1.2140 Daily R1
Support 1 1.2072 Daily S1
Support 2 1.2046 Daily S2

USDCAD Indicator Table - 20/05/2021

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

USDCAD Indicator / Period Table - 20/05/2021

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

USDCAD 20/05/2021 - Reference Price : 1.2107

Sell
Simple Moving AverageBuy (2)Sell (1)
Technical Indicators - OscillatorsBuy (0)Sell (3)
Share It With Your Network
US Dollar - Canadian Dollar Chart
Update Time: -
Highest
Lowest
1M 5M H D W
Prices are loading..
Ready for trading?Start Now