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. 70.91% 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 25/11/2024

Fundamental analysis

25 November, 2024

In Asian trading, the US Dollar was slightly higher against the Canadian Dollar, trading above 1.3900 levels.
The currency pair rose in the Asian session after the announced appointment of Scott Bessent as US Treasury Secretary, a relative moderate on the subject of planned US tariffs. In Canada delayed Manufacturing Sales data for October (-0.8% exp) will be released (13:30). In the United States, Chicago Fed National Activity for October (-0.28 exp) will be published (13:30 GMT).

Technical analysis

Dollar - Canadian Dollar Analysis Technical analysis 25/11/2024
Time Frame: 1 hour

USDCAD Support & Resistance Table - 25/11/2024

Support & Resistance Level Explanation
Resistance 2 1.39914 Daily R2
Resistance 1 1.39695 Daily R1
Support 1 1.39113 Daily S1
Support 2 1.38894 Daily S2

USDCAD Indicator Table - 25/11/2024

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

USDCAD Indicator / Period Table - 25/11/2024

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

USDCAD 25/11/2024 - Reference Price : 1.39404

Sell
Simple Moving AverageBuy (1)Sell (2)
Technical Indicators - OscillatorsBuy (0)Sell (3)
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US Dollar - Canadian Dollar Chart
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