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 21/01/2022

Fundamental analysis

21 January, 2022

The USD/CAD pair climbed this morning to trade at 1.2523. The pair tumbled lower on Thursday, helped down by higher oil prices. Canada’s ADP Nonfarm Employment Change showed 19,200 new jobs. In the United States, Initial Jobless Claims for the past week came in worse than expected at 286,000. The Philadelphia Fed Manufacturing Index for January beat its estimate printing at 23.2 versus the 20.0 that had been expected. Existing Home Sales for December fell 4.6%, Month-over-Month.

Technical analysis

Dollar - Canadian Dollar Analysis Technical analysis 21/01/2022
Time Frame: 1 hour

USDCAD Support & Resistance Table - 21/01/2022

Support & Resistance Level Explanation
Resistance 2 1.2568 Daily R2
Resistance 1 1.2546 Daily R1
Support 1 1.2488 Daily S1
Support 2 1.2466 Daily S2

USDCAD Indicator Table - 21/01/2022

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

USDCAD Indicator / Period Table - 21/01/2022

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

USDCAD 21/01/2022 - Reference Price : 1.2519

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