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 01/06/2021

Fundamental analysis

01 June, 2021

The USD/CAD pair fell slightly to 1.2050. The pair moved slightly higher on Monday. Canada’s Current Account for the 1st Quarter came in at C$1.2 billion. The consensus forecast was -C$8.3 billion. Its Raw Materials Price Index for April was up 1.0%, Month-over-Month an increase from last month’s increase of 34.7%. There was no economic data out of the United States since it was a national holiday, Memorial Day.

Technical analysis

Dollar - Canadian Dollar Analysis Technical analysis 01/06/2021
Time Frame: 1 hour

USDCAD Support & Resistance Table - 01/06/2021

Support & Resistance Level Explanation
Resistance 2 1.20982 Daily R2
Resistance 1 1.20785 Daily R1
Support 1 1.20259 Daily S1
Support 2 1.20062 Daily S2

USDCAD Indicator Table - 01/06/2021

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 - 01/06/2021

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

USDCAD 01/06/2021 - Reference Price : 1.20522

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