CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% 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. 67.52% 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 18/08/2021

Fundamental analysis

18 August, 2021

The USD/CAD pair fell this morning to trade at 1.2612 The pair rallied on Tuesday. Canada’s Housing Starts for July printed at 272,200. The consensus forecast was 275,000. Retail Sales for July in the United States fell well short of their forecasts. July’s Retail Sales fell 1.1%, Month-over-Month, much worse than the -0.3% predicted. Industrial Production in the United States came in high, increasing 0.9%, Month-over-Month in July, higher than the analysts’ estimate of 0.5%.

Technical analysis

Dollar - Canadian Dollar Analysis Technical analysis 18/08/2021
Time Frame: 1 hour

USDCAD Support & Resistance Table - 18/08/2021

Support & Resistance Level Explanation
Resistance 2 1.2648 Daily R2
Resistance 1 1.2632 Daily R1
Support 1 1.2589 Daily S1
Support 2 1.2573 Daily S2

USDCAD Indicator Table - 18/08/2021

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

USDCAD Indicator / Period Table - 18/08/2021

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

USDCAD 18/08/2021 - Reference Price : 1.2614

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