CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 77% 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. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

Dollar - Canadian Dollar Analysis

EU Session Analysis for CFD Instruments 25/06/2021

Fundamental analysis

25 June, 2021

The USD/CAD pair edged lower this morning to trade at 1.2315 The pair made a modest climb on Thursday afternoon. Canada’s manufacturing Sales rose 1.0%, Month-over-Month. Its Wholesale Sales increased 1.0%, Month-over-Month. In the United States, Core Durable Goods Orders for May climbed less than expected at 0.3%, Month-over-Month. The consensus forecast was 0.8%. Initial Jobless Claims in the United States for the past week were worse than predicted coming in at 411,000 new claims versus 380,000 expected.

Technical analysis

Dollar - Canadian Dollar Analysis Technical analysis 25/06/2021
Time Frame: 1 hour

USDCAD Support & Resistance Table - 25/06/2021

Support & Resistance Level Explanation
Resistance 2 1.2382 Daily R2
Resistance 1 1.2315 Daily R1
Support 1 1.2270 Daily S1
Support 2 1.2239 Daily S2

USDCAD Indicator Table - 25/06/2021

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

USDCAD Indicator / Period Table - 25/06/2021

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

USDCAD 25/06/2021 - Reference Price : 1.2305

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