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 20/10/2021

Fundamental analysis

20 October, 2021

The USD/CAD pair decreased this morning to trade at 1.2343. The pair ended the European trading day slightly lower. Canada’s economic calendar was empty. In the United States, Building Permits for September came in at 1.589 million, lower than the 1.680 million that had been forecast. Housing Starts for September were also below analysts expectations printing at 1.555 million. The consensus estimate was 1.620 million.

Technical analysis

Dollar - Canadian Dollar Analysis Technical analysis 20/10/2021
Time Frame: 1 hour

USDCAD Support & Resistance Table - 20/10/2021

Support & Resistance Level Explanation
Resistance 2 1.2385 Daily R2
Resistance 1 1.2366 Daily R1
Support 1 1.2315 Daily S1
Support 2 1.2296 Daily S2

USDCAD Indicator Table - 20/10/2021

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

USDCAD Indicator / Period Table - 20/10/2021

Indicator / Period Day - SellWeek - SellMonth - Sell
MACD( 12;26;9) Sell SellSell
RSI (14) Buy SellSell
SMA 20 Sell SellSell

USDCAD 20/10/2021 - Reference Price : 1.2342

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