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 23/01/2023

Fundamental analysis

23 January, 2023

The US Canadian Dollar was broadly unchanged during the Asian Session. The pair is trading at 1.3380. Retail sales reports for November will be published today in Canada and a fall of 0.4% is expected. In the US yesterday's reports showed that initial jobless claims last week fell from 205K to 190K and the Philadelphia Fed manufacturing Index in January improved from -13.7 to -8.9. In the afternoon in the US housing data for December will be out..

Technical analysis

Dollar - Canadian Dollar Analysis Technical analysis 23/01/2023
Time Frame: 1 hour

USDCAD Support & Resistance Table - 23/01/2023

Support & Resistance Level Explanation
Resistance 2 1.3449 Daily R2
Resistance 1 1.3420 Daily R1
Support 1 1.3343 Daily S1
Support 2 1.3314 Daily S2

USDCAD Indicator Table - 23/01/2023

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

USDCAD Indicator / Period Table - 23/01/2023

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

USDCAD 23/01/2023 - Reference Price : 1.3368

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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