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 04/11/2022

Fundamental analysis

04 November, 2022

The US Canadian Dollar was lower during the Asian Session. The pair traded at 1.3666 this morning. Canada reported Building Permits Month-on-Month for September at -17.5% vs - 6.1% expected. The United States printed Initial Jobless Claims at 217k vs 220k expected. ISM Non-Manufacturing PMI for October printed 54.4. The consensus was 55.5. The Unemployment Rate for October is set to be reported later today.

Technical analysis

Dollar - Canadian Dollar Analysis Technical analysis 04/11/2022
Time Frame: 1 hour

USDCAD Support & Resistance Table - 04/11/2022

Support & Resistance Level Explanation
Resistance 2 1.3738 Daily R2
Resistance 1 1.3700 Daily R1
Support 1 1.3598 Daily S1
Support 2 1.3560 Daily S2

USDCAD Indicator Table - 04/11/2022

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

USDCAD Indicator / Period Table - 04/11/2022

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

USDCAD 04/11/2022 - Reference Price : 1.3660

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