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 01/11/2021

Fundamental analysis

01 November, 2021

The USD/CAD pair was broadly unchanged this morning to trade at 1.2388.

The Bank of Canada held its target for the overnight rate at the lower bound of 0.25 %. The Bank is ending quantitative easing (QE) and moving into the reinvestment phase, during which it will purchase Government of Canada bonds solely to replace maturing bonds.

Technical analysis

Dollar - Canadian Dollar Analysis Technical analysis 01/11/2021
Time Frame: 1 hour

USDCAD Support & Resistance Table - 01/11/2021

Support & Resistance Level Explanation
Resistance 2 1.24416 Daily R2
Resistance 1 1.24193 Daily R1
Support 1 1.23597 Daily S1
Support 2 1.23374 Daily S2

USDCAD Indicator Table - 01/11/2021

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

USDCAD Indicator / Period Table - 01/11/2021

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

USDCAD 01/11/2021 - Reference Price : 1.23895

Buy
Simple Moving AverageBuy (2)Sell (01)
Technical Indicators - OscillatorsBuy (1)Sell (0)
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