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 12/01/2022

Fundamental analysis

12 January, 2022

The USD/CAD pair traded higher this morning to trade at 1.2550. The pair slid lower on Tuesday thanks to rising oil prices and a weaker US Dollar. Canada’s economic calendar was empty. In the United States, U.S. Federal Reserve chairman Jerome Powell testified at his confirmation hearing in the U.S. Senate.

Technical analysis

Dollar - Canadian Dollar Analysis Technical analysis 12/01/2022
Time Frame: 1 hour

USDCAD Support & Resistance Table - 12/01/2022

Support & Resistance Level Explanation
Resistance 2 1.2615 Daily R2
Resistance 1 1.2587 Daily R1
Support 1 1.2512 Daily S1
Support 2 1.2483 Daily S2

USDCAD Indicator Table - 12/01/2022

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

USDCAD Indicator / Period Table - 12/01/2022

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

USDCAD 12/01/2022 - Reference Price : 1.2560

Sell
Simple Moving AverageBuy (0)Sell (3)
Technical Indicators - OscillatorsBuy (2)Sell (1)
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US Dollar - Canadian Dollar Chart
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