CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% 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. 70.91% 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 all your money. Read full risk warning.

Dollar - Canadian Dollar Analysis

US Session Analysis for CFD Instruments 26/11/2024

Fundamental analysis

26 November, 2024

In European trading, the US Dollar rose against the Canadian Dollar, trading above 1.4000 levels.

Earlier in the morining the pair climbed to a four year high after reports came out that the Trump administration will implement a 25% tariff on Canadian goods. In Canada Wholesale Sales data for October (0.9% exp) will be released (13:30). In the United States, New Homes Sales for October (724k expected) and CB Consumer Confidence for November (112.0 exp) will be published (15:00 GMT). Later this evening Fed Meeting Minutes will be published (19:00 GMT)

Technical analysis

Dollar - Canadian Dollar Analysis Technical analysis 26/11/2024
Time Frame: 1 hour

USDCAD Support & Resistance Table - 26/11/2024

Support & Resistance Level Explanation
Resistance 2 1.4159 Daily R2
Resistance 1 1.4132 Daily R1
Support 1 1.4058 Daily S1
Support 2 1.4031 Daily S2

USDCAD Indicator Table - 26/11/2024

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 - 26/11/2024

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

USDCAD 26/11/2024 - Reference Price : 1.4088

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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