CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73% 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. 75% 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

US Session Analysis for CFD Instruments 01/10/2024

Fundamental analysis

01 October, 2024

In European trading, the US Dollar increased against the Canadian Dollar, trading above 1.3500 levels.
The USD/CAD climbed to record a more than one week high in the European session on a firmer dollar. In Canada, no major data is expected to be published today. In the United States, September’s Global US Manufacturing PMI (47.0 expected), ISM Manufacturing PMI (47.6 expected) and JOLT Job Openings data (7.640M) for August will be released (15:00 GMT+1).

Technical analysis

Dollar - Canadian Dollar Analysis Technical analysis 01/10/2024
Time Frame: 1 hour

USDCAD Support & Resistance Table - 01/10/2024

Support & Resistance Level Explanation
Resistance 2 1.3577 Daily R2
Resistance 1 1.3558 Daily R1
Support 1 1.3506 Daily S1
Support 2 1.3487 Daily S2

USDCAD Indicator Table - 01/10/2024

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

USDCAD Indicator / Period Table - 01/10/2024

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

USDCAD 01/10/2024 - Reference Price : 1.3533

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