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. 67.52% 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 07/03/2022

Fundamental analysis

07 March, 2022

The USD/CAD pair fell to 1.2713 during the Asian session. The pair Rallied higher on Friday. Canada reported the Ivey PMI for February at 60.6. The consensus was 54.2. Quarterly Labor Productivity printed -0.5% vs -0.8% expected. The United States Unemployment Rate for February printed 3.8%. The consensus was 3.8%. February NFP printed 678k vs 400k expected.

Technical analysis

Dollar - Canadian Dollar Analysis Technical analysis 07/03/2022
Time Frame: 1 hour

USDCAD Support & Resistance Table - 07/03/2022

Support & Resistance Level Explanation
Resistance 2 1.2797 Daily R2
Resistance 1 1.2762 Daily R1
Support 1 1.2667 Daily S1
Support 2 1.2631 Daily S2

USDCAD Indicator Table - 07/03/2022

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

USDCAD Indicator / Period Table - 07/03/2022

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

USDCAD 07/03/2022 - Reference Price : 1.2695

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