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 12/07/2021

Fundamental analysis

12 July, 2021

The USD/CAD pair increased slightly this morning to trade at 1.2462 The pair fell on Friday, driven lower in part by rising oil prices. Canada’s Employment Change for June came in at 230,700. Analysts had only predicted 195,000. Canada’s Unemployment Rate for June printed at 7.8%. The consensus forecast was 7.7%. Economic data out of the United States was light. Wholesale Inventories for May climbed 1.3%, Month-over-Month. Its Wholesale Trade Sales for May rose 0.8%, Month-over-Month.

Technical analysis

Dollar - Canadian Dollar Analysis Technical analysis 12/07/2021
Time Frame: 1 hour

USDCAD Support & Resistance Table - 12/07/2021

Support & Resistance Level Explanation
Resistance 2 1.2550 Daily R2
Resistance 1 1.2517 Daily R1
Support 1 1.2427 Daily S1
Support 2 1.2393 Daily S2

USDCAD Indicator Table - 12/07/2021

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

USDCAD Indicator / Period Table - 12/07/2021

Indicator / Period Day - BuyWeek - BuyMonth - Buy
MACD( 12;26;9) Buy SellBuy
RSI (14) Neutral NeutralBuy
SMA 20 Sell BuyBuy

USDCAD 12/07/2021 - Reference Price : 1.2467

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