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 21/02/2022

Fundamental analysis

21 February, 2022

The USD/CAD pair declined this morning to trade at 1.2729 The pair rallied sharply in the European afternoon. Canada’s Core Retail Sales for December fell 2.5%, Month-over-Month. The consensus forecast was a drop of 2.0%. In the United States, Retail Sales for January printed at 6.50 million, rising 6.7%, Month-over-Month. Analysts had predicted a drop of 1.0%.

Technical analysis

Dollar - Canadian Dollar Analysis Technical analysis 21/02/2022
Time Frame: 1 hour

USDCAD Support & Resistance Table - 21/02/2022

Support & Resistance Level Explanation
Resistance 2 1.2774 Daily R2
Resistance 1 1.2753 Daily R1
Support 1 1.2697 Daily S1
Support 2 1.2676 Daily S2

USDCAD Indicator Table - 21/02/2022

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 - 21/02/2022

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

USDCAD 21/02/2022 - Reference Price : 1.2721

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