CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73% 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. 75% 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 02/02/2023

Fundamental analysis

02 February, 2023

The US Canadian Dollar inched lower during the Asian Session. The pair is trading at 1.3285. Canada reported GDP Month-on-Month for November at 0.1% as expected. The United States reported ISM Manufacturing PMI for January at 47.4 vs 48.0. Nonfarm Employment Change printed 106k vs 178k. JOLTs Job Openings for December were reported at 11.012m vs 10.250m. Initial Jobless Claims will be reported later today.

Technical analysis

Dollar - Canadian Dollar Analysis Technical analysis 02/02/2023
Time Frame: 1 hour

USDCAD Support & Resistance Table - 02/02/2023

Support & Resistance Level Explanation
Resistance 2 1.3361 Daily R2
Resistance 1 1.3329 Daily R1
Support 1 1.3243 Daily S1
Support 2 1.3211 Daily S2

USDCAD Indicator Table - 02/02/2023

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

USDCAD Indicator / Period Table - 02/02/2023

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

USDCAD 02/02/2023 - Reference Price : 1.3289

Sell
Simple Moving AverageBuy (0)Sell (3)
Technical Indicators - OscillatorsBuy (2)Sell (1)
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