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 08/12/2022

Fundamental analysis

08 December, 2022

The US Canadian Dollar edged upwards during the Asian Session. The pair is trading at 1.3660. The Bank of Canada raised Interest Rates by 50 basis points vs 50 basis points expected, to 4.25%. The United States has reported Nonfarm Productivity Quarter-on-Quarter for Q3 at 0.8%. The consensus was 0.6%. Initial Jobless Claims are set to be reported later today.

Technical analysis

Dollar - Canadian Dollar Analysis Technical analysis 08/12/2022
Time Frame: 1 hour

USDCAD Support & Resistance Table - 08/12/2022

Support & Resistance Level Explanation
Resistance 2 1.3626 Daily R2
Resistance 1 1.3578 Daily R1
Support 1 1.3449 Daily S1
Support 2 1.3401 Daily S2

USDCAD Indicator Table - 08/12/2022

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

USDCAD Indicator / Period Table - 08/12/2022

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

USDCAD 08/12/2022 - Reference Price : 1.3514

Sell
Simple Moving AverageBuy (0)Sell (3)
Technical Indicators - OscillatorsBuy (2)Sell (1)
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US Dollar - Canadian Dollar Chart
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