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 16/07/2021

Fundamental analysis

16 July, 2021

The USD/CAD pair decreased this morning to trade at 1.2572 The pair climbed higher on Thursday. Canada’s ADP Nonfarm Employment Change fell 294,200. Initial Jobless Claims for the past week in the United States came in exactly as forecast at 360,000 new claims. The Philadelphia Fed Manufacturing Index for July was reported to be 21.9, much lower than the 28.0 that analysts had predicted.

Technical analysis

Dollar - Canadian Dollar Analysis Technical analysis 16/07/2021
Time Frame: 1 hour

USDCAD Support & Resistance Table - 16/07/2021

Support & Resistance Level Explanation
Resistance 2 1.2638 Daily R2
Resistance 1 1.2609 Daily R1
Support 1 1.2530 Daily S1
Support 2 1.2501 Daily S2

USDCAD Indicator Table - 16/07/2021

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

USDCAD Indicator / Period Table - 16/07/2021

Indicator / Period Day - BuyWeek - BuyMonth - Sell
MACD( 12;26;9) Buy SellSell
RSI (14) Sell NeutralSell
SMA 20 Buy BuySell

USDCAD 16/07/2021 - Reference Price : 1.2570

Buy
Simple Moving AverageBuy (3)Sell (0)
Technical Indicators - OscillatorsBuy (1)Sell (2)
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