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 29/10/2024

Fundamental analysis

29 October, 2024

In European trading, the US Dollar fell against the Canadian Dollar, trading below 1.3900 levels.

The USD/CAD pair pulled back slightly but remained close to an almost three month high as the Loonie continued to be negatively impacted by falling oil prices. In Canada, Bank of Canada Governor Macklen will Speak (19:30 GMT). In the United States, CB Consumer Confidence for October (99.2 exp) and JOLTS Job Openings for September (7.920 mln exp) will be revealed (14:00 GMT).

Technical analysis

Dollar - Canadian Dollar Analysis Technical analysis 29/10/2024
Time Frame: 1 hour

USDCAD Support & Resistance Table - 29/10/2024

Support & Resistance Level Explanation
Resistance 2 1.3913 Daily R2
Resistance 1 1.3900 Daily R1
Support 1 1.3866 Daily S1
Support 2 1.3853 Daily S2

USDCAD Indicator Table - 29/10/2024

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

USDCAD Indicator / Period Table - 29/10/2024

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

USDCAD 29/10/2024 - Reference Price : 1.3885

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