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 06/11/2024

Fundamental analysis

06 November, 2024

In European trading, the US Dollar was slightly lower against the Canadian Dollar, trading below 1.3900 levels.

The USD/CAD declined slightly as the dollar began to run out of stream in the European session following Donald Trump’s likely election victory. In Canada Ivey PMI data for October (54.2 exp) will be released (15:00 GMT). In the United States, many US Election results will be revealed today and 30 Year Bond Auction data will be posted (18:00 GMT).

Technical analysis

Dollar - Canadian Dollar Analysis Technical analysis 06/11/2024
Time Frame: 1 hour

USDCAD Support & Resistance Table - 06/11/2024

Support & Resistance Level Explanation
Resistance 2 1.3937 Daily R2
Resistance 1 1.3919 Daily R1
Support 1 1.3873 Daily S1
Support 2 1.3855 Daily S2

USDCAD Indicator Table - 06/11/2024

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

USDCAD Indicator / Period Table - 06/11/2024

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

USDCAD 06/11/2024 - Reference Price : 1.3897

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