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 21/11/2024

Fundamental analysis

21 November, 2024

In European trading, the US Dollar fell against the Canadian Dollar, trading just below 1.4000 levels.

Since earlier this morning the pair has risen steadily driven by a strong demand for the dollar, but has fallen since. In Canada RMPI data for October (-1.5% exp) will be posted (13:30 GMT). In the United States, Initial Jobless Claims (220k expected) and Philadelphia Fed Manufacturing Index for November (6.3 exp) will be posted (13:30 GMT). US Existing Home Sales for October (3.94mln exp) will be released (15:00 GMT).In the United States, Fed Member Bowman will speak (12:15 GMT).

Technical analysis

Dollar - Canadian Dollar Analysis Technical analysis 21/11/2024
Time Frame: 1 hour

USDCAD Support & Resistance Table - 21/11/2024

Support & Resistance Level Explanation
Resistance 2 1.4024 Daily R2
Resistance 1 1.3998 Daily R1
Support 1 1.3933 Daily S1
Support 2 1.3908 Daily S2

USDCAD Indicator Table - 21/11/2024

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

USDCAD Indicator / Period Table - 21/11/2024

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

USDCAD 21/11/2024 - Reference Price : 1.3964

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