CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 67% 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 02/10/2024

Fundamental analysis

02 October, 2024

In European trading, the US Dollar decreased against the Canadian Dollar, trading below 1.3500 levels.
The USD/CAD fell in the European session despite its attempt to pare losses made earlier in the Asian session. In Canada, no major data is expected to be published today. In the United States, September’s ADP Nonfarm Employment (124k expected) will be released (13:15 GMT+1).

Technical analysis

Dollar - Canadian Dollar Analysis Technical analysis 02/10/2024
Time Frame: 1 hour

USDCAD Support & Resistance Table - 02/10/2024

Support & Resistance Level Explanation
Resistance 2 1.3520 Daily R2
Resistance 1 1.3504 Daily R1
Support 1 1.3460 Daily S1
Support 2 1.3444 Daily S2

USDCAD Indicator Table - 02/10/2024

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

USDCAD Indicator / Period Table - 02/10/2024

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

USDCAD 02/10/2024 - Reference Price : 1.3484

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