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 30/07/2021

Fundamental analysis

30 July, 2021

The USD/CAD pair inched upwards this morning to trade at 1.2499 The pair fell in volatile trading on Thursday. The Dollar fell on Thursday after below expectations economic data from the US. US GDP and Initial Jobless claims both disappointed with the latter coming in at 400k vs 380k exp. Canadian GDP figures for May will be released at 13:30 GMT+1.

Technical analysis

Dollar - Canadian Dollar Analysis Technical analysis 30/07/2021
Time Frame: 1 hour

USDCAD Support & Resistance Table - 30/07/2021

Support & Resistance Level Explanation
Resistance 2 1.2504 Daily R2
Resistance 1 1.2482 Daily R1
Support 1 1.2424 Daily S1
Support 2 1.2402 Daily S2

USDCAD Indicator Table - 30/07/2021

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

USDCAD Indicator / Period Table - 30/07/2021

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

USDCAD 30/07/2021 - Reference Price : 1.2451

Sell
Simple Moving AverageBuy (0)Sell (3)
Technical Indicators - OscillatorsBuy (1)Sell (1)
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US Dollar - Canadian Dollar Chart
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