The USD/CAD pair increased this morning to trade at 1.2780. The pair spiked higher in the late European afternoon after oil prices pulled back. Canada’s IPPI, (Industrial Product Price Index), for October rose 16.7%, Year-over-Year, and climbed 1.3%, Month-over-Month. In the United States, Pending Home Sales for October printed up 7.5%, Month-over-Month. The consensus forecast was an increase of 0.9%.
Dollar - Canadian Dollar Analysis
EU Session Analysis for CFD Instruments 30/11/2021
Technical analysis
Time Frame: 1 hour
USDCAD Support & Resistance Table - 30/11/2021
Support & Resistance | Level | Explanation |
Resistance 2 | 1.2848 | Daily R2 |
Resistance 1 | 1.2825 | Daily R1 |
Support 1 | 1.2762 | Daily S1 |
Support 2 | 1.2738 | Daily S2 |
USDCAD Indicator Table - 30/11/2021
Indicator | Signal |
SMA 20 | Buy |
SMA 50 | Buy |
SMA 100 | Buy |
MACD( 12;26;9) | Buy |
RSI (14) | Buy |
Stochastic ( 9;6;3) | Neutral |
USDCAD Indicator / Period Table - 30/11/2021
Indicator / Period | Day - Buy | Week - Buy | Month - Sell |
MACD( 12;26;9) | Buy | Buy | Sell |
RSI (14) | Buy | Buy | Neutral |
SMA 20 | Buy | Buy | Sell |
USDCAD 30/11/2021 - Reference Price : 1.2783
Buy |
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