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. 70.41% 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 24/08/2021

Fundamental analysis

24 August, 2021

The USD/CAD pair edged upwards this morning to trade at 1.2654 The pair slid lower on Monday. Canada’s economic calendar was empty. In the United States, both the Manufacturing and Services PMI’s for August fell short of their estimates landing on 61.2 and 55.2 respectively. Existing Home Sales in the United States beat their forecast coming in at 5.99 million. The consensus forecast was 5.83 million.

Technical analysis

Dollar - Canadian Dollar Analysis Technical analysis 24/08/2021
Time Frame: 1 hour

USDCAD Support & Resistance Table - 24/08/2021

Support & Resistance Level Explanation
Resistance 2 1.2726 Daily R2
Resistance 1 1.2688 Daily R1
Support 1 1.2586 Daily S1
Support 2 1.2548 Daily S2

USDCAD Indicator Table - 24/08/2021

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

USDCAD Indicator / Period Table - 24/08/2021

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

USDCAD 24/08/2021 - Reference Price : 1.2637

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