CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% 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 19/01/2023

Fundamental analysis

19 January, 2023

The US Canadian Dollar edged upwards during the Asian Session. The pair is trading at 1.3498. Inflation during December fell from 5.8% to 5.4% below expected 6.1% while housing starts decreased from 263K to 248.6K and below expected 257K. The US dollar remains under pressure as the Fed approaches the end of its rate hike cycle as inflation in the US heads lower. PPI report and retail sales number for December will be published in the afternoon hours.

Technical analysis

Dollar - Canadian Dollar Analysis Technical analysis 19/01/2023
Time Frame: 1 hour

USDCAD Support & Resistance Table - 19/01/2023

Support & Resistance Level Explanation
Resistance 2 1.3565 Daily R2
Resistance 1 1.3534 Daily R1
Support 1 1.3452 Daily S1
Support 2 1.3421 Daily S2

USDCAD Indicator Table - 19/01/2023

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

USDCAD Indicator / Period Table - 19/01/2023

Indicator / Period Day - BuyWeek - SellMonth - Sell
MACD( 12;26;9) Buy SellBuy
RSI (14) Neutral NeutralNeutral
SMA 20 Buy SellSell

USDCAD 19/01/2023 - Reference Price : 1.3508

Buy
Simple Moving AverageBuy (3)Sell (0)
Technical Indicators - OscillatorsBuy (1)Sell (0)
Share It With Your Network
US Dollar - Canadian Dollar Chart
Update Time: -
Highest
Lowest
1M 5M H D W
Prices are loading..
Ready for trading?Start Now