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 05/11/2024

Fundamental analysis

05 November, 2024

In Asian trading, the US Dollar fell against the Canadian Dollar, trading below 1.3900 levels.

The USD/CAD declined in cautious trading on the money markets amid a potentially contentious US election. In Canada Trade Balance data for September will be released (13:30 GMT). In the United States, the Presidential Election will be held today. Major US data releases today include Global Services PMI (55.3 expected) for October (14:45 GMT) and ISM Non Manufacturing PMI (53.7 exp) for October (15:00 GMT).

Technical analysis

Dollar - Canadian Dollar Analysis Technical analysis 05/11/2024
Time Frame: 1 hour

USDCAD Support & Resistance Table - 05/11/2024

Support & Resistance Level Explanation
Resistance 2 1.39311 Daily R2
Resistance 1 1.39157 Daily R1
Support 1 1.38747 Daily S1
Support 2 1.38593 Daily S2

USDCAD Indicator Table - 05/11/2024

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

USDCAD Indicator / Period Table - 05/11/2024

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

USDCAD 05/11/2024 - Reference Price : 1.38952

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