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 05/07/2024

Fundamental analysis

05 July, 2024

In Asian trading, the US Dollar edged lower against the Canadian Dollar, trading below 1.3700 levels.

In Canada Unemployment Rate data is set for release today. In the United States, Nonfarm Payroll and Unemployment Rate data is expected today.

Technical analysis

Dollar - Canadian Dollar Analysis Technical analysis 05/07/2024
Time Frame: 1 hour

USDCAD Support & Resistance Table - 05/07/2024

Support & Resistance Level Explanation
Resistance 2 1.3658 Daily R2
Resistance 1 1.3637 Daily R1
Support 1 1.3581 Daily S1
Support 2 1.3560 Daily S2

USDCAD Indicator Table - 05/07/2024

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 - 05/07/2024

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

USDCAD 05/07/2024 - Reference Price : 1.3605

Sell
Simple Moving AverageBuy (0)Sell (3)
Technical Indicators - OscillatorsBuy (0)Sell (1)
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US Dollar - Canadian Dollar Chart
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