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 05/08/2022

Fundamental analysis

05 August, 2022

The US Canadian Dollar fell during the Asian Session. The pair is trading at 1.2850. Canada reported Building Permits Month-on-Month for June at -1.5% as expected. The Trade Balance for June was C$5.05b vs C$4.80b. The United States Trade Balance for June was reported at -$79.60b. The consensus was -$80.10b. Initial Jobless Claims printed 260k vs 259k expected.

Technical analysis

Dollar - Canadian Dollar Analysis Technical analysis 05/08/2022
Time Frame: 1 hour

USDCAD Support & Resistance Table - 05/08/2022

Support & Resistance Level Explanation
Resistance 2 1.29139 Daily R2
Resistance 1 1.28942 Daily R1
Support 1 1.28416 Daily S1
Support 2 1.28219 Daily S2

USDCAD Indicator Table - 05/08/2022

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

USDCAD Indicator / Period Table - 05/08/2022

Indicator / Period Day - SellWeek - SellMonth - Buy
MACD( 12;26;9) Buy SellSell
RSI (14) Buy SellBuy
SMA 20 Buy SellBuy

USDCAD 05/08/2022 - Reference Price : 1.28679

Sell
Simple Moving AverageBuy (2)Sell (1)
Technical Indicators - OscillatorsBuy (3)Sell (0)
Share It With Your Network
US Dollar - Canadian Dollar Chart
Update Time: -
Highest
Lowest
1M 5M H D W
Prices are loading..
Ready for trading?Start Now