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 29/09/2021

Fundamental analysis

29 September, 2021

The USD/CAD pair edged lower this morning to trade at 1.2680 The pair rose sharply on Tuesday as the Greenback gained against most major currencies. Canada did not report any significant economic data. The CB Consumer Confidence in the United States for September came in at 109.3, Analysts had predicted 114.5. The Case-Shiller Composite-20 Home Price Index in the United States for July just missed its forecasts, rising 1.5%, Month-over-Month, and climbing 19.9%, Year-over-Year.

Technical analysis

Dollar - Canadian Dollar Analysis Technical analysis 29/09/2021
Time Frame: 1 hour

USDCAD Support & Resistance Table - 29/09/2021

Support & Resistance Level Explanation
Resistance 2 1.2754 Daily R2
Resistance 1 1.2721 Daily R1
Support 1 1.2632 Daily S1
Support 2 1.2598 Daily S2

USDCAD Indicator Table - 29/09/2021

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

USDCAD Indicator / Period Table - 29/09/2021

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

USDCAD 29/09/2021 - Reference Price : 1.2682

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