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 07/12/2022

Fundamental analysis

07 December, 2022

The US Canadian Dollar increased during the Asian Session. The pair is trading at 1.3656. Canada reported a Trade Balance for October at 1.21B vs 1.20B expected. The Ivey PMI for November was reported at 51.4. The consensus was 51.0. The United States reported its October Trade Balance at -78.20B. The consensus was -80.00B. Nonfarm Productivity Quarter-on-Quarter for Q3 is set to be printed later today.

Technical analysis

Dollar - Canadian Dollar Analysis Technical analysis 07/12/2022
Time Frame: 1 hour

USDCAD Support & Resistance Table - 07/12/2022

Support & Resistance Level Explanation
Resistance 2 1.3753 Daily R2
Resistance 1 1.3712 Daily R1
Support 1 1.3602 Daily S1
Support 2 1.3561 Daily S2

USDCAD Indicator Table - 07/12/2022

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

USDCAD Indicator / Period Table - 07/12/2022

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

USDCAD 07/12/2022 - Reference Price : 1.3653

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