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 11/02/2022

Fundamental analysis

11 February, 2022

The USD/CAD pair climbed this morning to trade at 1.2743 The pair slipped lower on Thursday. Canada’s economic calendar was empty. In the United States, Initial Jobless Claims for the past week were 223,000, less than the 230,000 analysts had predicted. The CPI for January printed at 7.5%. The consensus forecast was 7.3%.

Technical analysis

Dollar - Canadian Dollar Analysis Technical analysis 11/02/2022
Time Frame: 1 hour

USDCAD Support & Resistance Table - 11/02/2022

Support & Resistance Level Explanation
Resistance 2 1.2804 Daily R2
Resistance 1 1.2778 Daily R1
Support 1 1.2710 Daily S1
Support 2 1.2684 Daily S2

USDCAD Indicator Table - 11/02/2022

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

USDCAD Indicator / Period Table - 11/02/2022

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

USDCAD 11/02/2022 - Reference Price : 1.2743

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