Dollar - Canadian Dollar Analysis

EU Session Analysis for CFD Instruments 30/07/2021

Fundamental analysis

30 July, 2021 Research Department

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

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 - Sell	Week - Buy	Month - Sell
MACD( 12;26;9)	Sell	Sell	Sell
RSI (14)	Neutral	Neutral	Sell
SMA 20	Sell	Buy	Sell

USDCAD 30/07/2021 - Reference Price : 1.2451

Sell

Simple Moving Average	Buy (0)	Sell (3)
Technical Indicators - Oscillators	Buy (1)	Sell (1)

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