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. 70.41% 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 03/02/2023

Fundamental analysis

03 February, 2023

The US Canadian Dollar increased during the Asian Session. The pair is trading at 1.3326. Canada has no economic events scheduled to report. The United States printed Initial Jobless Claims at 183k. The consensus was 200k. ISM Non-Manufacturing PMI for January and the Unemployment Rate for January will be reported later today. The Non-Farm Payrolls for January are also set to print.

Technical analysis

Dollar - Canadian Dollar Analysis Technical analysis 03/02/2023
Time Frame: 1 hour

USDCAD Support & Resistance Table - 03/02/2023

Support & Resistance Level Explanation
Resistance 2 1.3399 Daily R2
Resistance 1 1.3368 Daily R1
Support 1 1.3286 Daily S1
Support 2 1.3255 Daily S2

USDCAD Indicator Table - 03/02/2023

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

USDCAD Indicator / Period Table - 03/02/2023

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

USDCAD 03/02/2023 - Reference Price : 1.3325

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