Dollar - Canadian Dollar Analysis

EU Session Analysis for CFD Instruments 19/07/2021

Fundamental analysis

19 July, 2021

The USD/CAD pair climbed this morning to trade at 1.2641 The pair finished marginally higher after a day of choppy trading on Friday. Canada’s Housing Starts for June printed at 282,100, higher than the consensus forecast of 270,000. Canada’s WHolesale Sales for May rose 0.5%, Month-over-Month. Analysts were expecting an increase of 1.1%. In the United States, Retail Sales for June were higher than expected. Retail Sales rose 0.6%, Month-over-Month, and Core Retail Sales climbed 1.3%, Month-over-Month. The Michigan Consumer Sentiment for July missed its forecast of 86.5, coming in at 80.8.

Technical analysis

Time Frame: 1 hour

USDCAD Support & Resistance Table - 19/07/2021

Support & Resistance	Level	Explanation
Resistance 2	1.2702	Daily R2
Resistance 1	1.2676	Daily R1
Support 1	1.2606	Daily S1
Support 2	1.2580	Daily S2

USDCAD Indicator Table - 19/07/2021

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

USDCAD Indicator / Period Table - 19/07/2021

Indicator / Period	Day - Buy	Week - Buy	Month - Sell
MACD( 12;26;9)	Buy	Sell	Sell
RSI (14)	Buy	Buy	Sell
SMA 20	Buy	Buy	Sell

USDCAD 19/07/2021 - Reference Price : 1.2645

Buy

Simple Moving Average	Buy (3)	Sell (0)
Technical Indicators - Oscillators	Buy (3)	Sell (0)

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