CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% 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 31/01/2022

Fundamental analysis

31 January, 2022

The USD/CAD pair increased this morning to trade at 1.2731 The pair climbed higher on Friday. In the United States, the Core PCE Price Index for December rose 4.9%, Yea-over-Year. The consensus forecast was 4.8%. Personal Spending for December fell 0.6%, Month-over-Month, as expected.

Technical analysis

Dollar - Canadian Dollar Analysis Technical analysis 31/01/2022
Time Frame: 1 hour

USDCAD Support & Resistance Table - 31/01/2022

Support & Resistance Level Explanation
Resistance 2 1.2800 Daily R2
Resistance 1 1.2769 Daily R1
Support 1 1.2684 Daily S1
Support 2 1.2652 Daily S2

USDCAD Indicator Table - 31/01/2022

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

USDCAD Indicator / Period Table - 31/01/2022

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

USDCAD 31/01/2022 - Reference Price : 1.2726

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