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 23/04/2024

Fundamental analysis

23 April, 2024

In Asian trading, the US Dollar was incrementally higher against the Canadian Dollar, trading above 1.3700 levels.

Canada will not be reporting major economic data today. Today, The United States is set to release S&P Manufacturing PMI data.

Technical analysis

Dollar - Canadian Dollar Analysis Technical analysis 23/04/2024
Time Frame: 1 hour

USDCAD Support & Resistance Table - 23/04/2024

Support & Resistance Level Explanation
Resistance 2 1.3749 Daily R2
Resistance 1 1.3729 Daily R1
Support 1 1.3675 Daily S1
Support 2 1.3655 Daily S2

USDCAD Indicator Table - 23/04/2024

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

USDCAD Indicator / Period Table - 23/04/2024

Indicator / Period Day - SellWeek - BuyMonth - Buy
MACD( 12;26;9) Sell BuyBuy
RSI (14) Neutral BuyBuy
SMA 20 Sell BuyBuy

USDCAD 23/04/2024 - Reference Price : 1.3701

Sell
Simple Moving AverageBuy (1)Sell (2)
Technical Indicators - OscillatorsBuy (0)Sell (2)
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US Dollar - Canadian Dollar Chart
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