CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% 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

US Session Analysis for CFD Instruments 06/08/2024

Fundamental analysis

06 August, 2024

In European trading, the US Dollar increased sharply against the Canadian Dollar, trading above 1.3800 levels.

In Canada, there will be no major data releases due to be posted today. In the United States, there are no major data releases scheduled today.

Technical analysis

Dollar - Canadian Dollar Analysis Technical analysis 06/08/2024
Time Frame: 1 hour

USDCAD Support & Resistance Table - 06/08/2024

Support & Resistance Level Explanation
Resistance 2 1.3901 Daily R2
Resistance 1 1.3877 Daily R1
Support 1 1.3815 Daily S1
Support 2 1.3791 Daily S2

USDCAD Indicator Table - 06/08/2024

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

USDCAD Indicator / Period Table - 06/08/2024

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

USDCAD 06/08/2024 - Reference Price : 1.3837

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