CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 77% 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. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

Dollar - Canadian Dollar Analysis

EU Session Analysis for CFD Instruments 25/01/2023

Fundamental analysis

25 January, 2023

The US Canadian Dollar was lower during the Asian Session. The pair is trading at 1.3356. The Bank of Canada is set to make an Interest Rate decision later today, with markets forecasting a 25 basis point increase. The United States reported Services PMI for January as 46.6. The consensus was 45.0. Manufacturing PMI for January was reported at 46.8 vs 46.0 expected.

Technical analysis

Dollar - Canadian Dollar Analysis Technical analysis 25/01/2023
Time Frame: 1 hour

USDCAD Support & Resistance Table - 25/01/2023

Support & Resistance Level Explanation
Resistance 2 1.3417 Daily R2
Resistance 1 1.3387 Daily R1
Support 1 1.3309 Daily S1
Support 2 1.3275 Daily S2

USDCAD Indicator Table - 25/01/2023

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 - 25/01/2023

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

USDCAD 25/01/2023 - Reference Price : 1.3351

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