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 05/09/2022

Fundamental analysis

05 September, 2022

The US Canadian Dollar edged upwards during the Asian Session. The pair traded at 1.3156 this morning. Canada reported Building Permits Month-on-Month for July at -6.6% vs -0.5% expected. The United States reported ISM Manufacturing PMI for August came in at 54.2. The consensus was 49.0. Initial Jobless Claims reported 232k vs 248k expected.

Technical analysis

Dollar - Canadian Dollar Analysis Technical analysis 05/09/2022
Time Frame: 1 hour

USDCAD Support & Resistance Table - 05/09/2022

Support & Resistance Level Explanation
Resistance 2 1.3220 Daily R2
Resistance 1 1.3192 Daily R1
Support 1 1.3118 Daily S1
Support 2 1.3090 Daily S2

USDCAD Indicator Table - 05/09/2022

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

USDCAD Indicator / Period Table - 05/09/2022

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

USDCAD 05/09/2022 - Reference Price : 1.3152

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