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 10/08/2021

Fundamental analysis

10 August, 2021

The USD/CAD pair inched higher this morning to trade at 1.2579 The pair finished higher after moving lower earlier in the day on Monday. Canada’s economic calendar was empty. The JOLTs Job Openings report for June in the United States showed over 10 million job openings, above the roughly 9.3 million that analysts had predicted.

Technical analysis

Dollar - Canadian Dollar Analysis Technical analysis 10/08/2021
Time Frame: 1 hour

USDCAD Support & Resistance Table - 10/08/2021

Support & Resistance Level Explanation
Resistance 2 1.2621 Daily R2
Resistance 1 1.2600 Daily R1
Support 1 1.2544 Daily S1
Support 2 1.2523 Daily S2

USDCAD Indicator Table - 10/08/2021

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 - 10/08/2021

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

USDCAD 10/08/2021 - Reference Price : 1.2572

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