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 27/12/2022

Fundamental analysis

27 December, 2022

The US Canadian Dollar was lower during the Asian Session. The pair is trading at 1.3633629. Canada reported the GDP Month-on-Month for October at 0.1% as expected. The United States reported New Home Sales for November at 640k. The consensus was 600k. Core Durable Goods Orders Month-on-Month for November printed -2.1% vs -0.6% expected. Michigan Consumer Sentiment for December printed 59.7 vs 59.1 expected. The Core PCE Price Index Month-on-Month for November printed 0.2% as expected.

Technical analysis

Dollar - Canadian Dollar Analysis Technical analysis 27/12/2022
Time Frame: 1 hour

USDCAD Support & Resistance Table - 27/12/2022

Support & Resistance Level Explanation
Resistance 2 1.3608 Daily R2
Resistance 1 1.3581 Daily R1
Support 1 1.3508 Daily S1
Support 2 1.3481 Daily S2

USDCAD Indicator Table - 27/12/2022

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

USDCAD Indicator / Period Table - 27/12/2022

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

USDCAD 27/12/2022 - Reference Price : 1.3539

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