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 07/10/2022

Fundamental analysis

07 October, 2022

The US Canadian Dollar was broadly unchanged during the Asian Session. The pair traded at 1.3749 this morning. Canada reported Building Permits Month-on-Month for August at 11.9% vs -0.5% expected. Trade Balance for August reported 1.52B vs 3.45B expected. The United States printed ISM Non-Manufacturing PMI for September at 56.7. The consensus was 56.0. ADP Nonfarm Employment Change for September was reported at 208k vs 200k expected. Initial Jobless Claims will be reported later today.

Technical analysis

Dollar - Canadian Dollar Analysis Technical analysis 07/10/2022
Time Frame: 1 hour

USDCAD Support & Resistance Table - 07/10/2022

Support & Resistance Level Explanation
Resistance 2 1.3868 Daily R2
Resistance 1 1.3814 Daily R1
Support 1 1.3669 Daily S1
Support 2 1.3614 Daily S2

USDCAD Indicator Table - 07/10/2022

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

USDCAD Indicator / Period Table - 07/10/2022

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

USDCAD 07/10/2022 - Reference Price : 1.3739

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