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 17/10/2024

Fundamental analysis

17 October, 2024

In European trading, the US Dollar grew against the Canadian Dollar, trading below 1.3800 levels.

The USD/CAD pair jumped from an near one week low recorded early in this morning’s session, ahead of data release from both Canada and the US. In Canada Foreign Securities Purchases for August (9.5 bln expected) will be released at (13:30 GMT+1). In the United States, Philadelphia Fed Manufacturing Index data for October (4.2 exp) will be posted and Retail Sales data for September (0.3% exp) will be released (13:30 GMT+1).

Technical analysis

Dollar - Canadian Dollar Analysis Technical analysis 17/10/2024
Time Frame: 1 hour

USDCAD Support & Resistance Table - 17/10/2024

Support & Resistance Level Explanation
Resistance 2 1.3818 Daily R2
Resistance 1 1.3801 Daily R1
Support 1 1.3757 Daily S1
Support 2 1.3740 Daily S2

USDCAD Indicator Table - 17/10/2024

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

USDCAD Indicator / Period Table - 17/10/2024

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

USDCAD 17/10/2024 - Reference Price : 1.3780

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