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 21/12/2022

Fundamental analysis

21 December, 2022

The US Canadian Dollar was lower during the Asian Session. The pair is trading at 1.3606. Canada reported Core Retail Sales Month-on-Month for October at 1.7% vs 1.4% expected. Core CPI Month-on-Month for November will be printed later today. The United States reported Housing Starts for November at 1.427m vs 1.400m expected. The Building Permits for November printed 1.342m. The consensus was 1.485m. CB Consumer Confidence for December and Existing Home Sales for November will be reported today.

Technical analysis

Dollar - Canadian Dollar Analysis Technical analysis 21/12/2022
Time Frame: 1 hour

USDCAD Support & Resistance Table - 21/12/2022

Support & Resistance Level Explanation
Resistance 2 1.3685 Daily R2
Resistance 1 1.3654 Daily R1
Support 1 1.3573 Daily S1
Support 2 1.3542 Daily S2

USDCAD Indicator Table - 21/12/2022

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

USDCAD Indicator / Period Table - 21/12/2022

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

USDCAD 21/12/2022 - Reference Price : 1.3615

Sell
Simple Moving AverageBuy (2)Sell (1)
Technical Indicators - OscillatorsBuy (1)Sell (0)
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