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 29/11/2024

Fundamental analysis

29 November, 2024

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

The USD/CAD has been on a downward trend in the last three days, but still holding above the 1.4000 psychological mark, recovering from the rapid climb of the USD following the Trump administrations tariff announcements towards Canada. In Canada Annual GDP data (1.0% exp) will be released (13:30 GMT). In the United States, Fed’s Balance Sheet data will be posted (21:30).

Technical analysis

Dollar - Canadian Dollar Analysis Technical analysis 29/11/2024
Time Frame: 1 hour

USDCAD Support & Resistance Table - 29/11/2024

Support & Resistance Level Explanation
Resistance 2 1.4068 Daily R2
Resistance 1 1.4039 Daily R1
Support 1 1.3916 Daily S1
Support 2 1.3932 Daily S2

USDCAD Indicator Table - 29/11/2024

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

USDCAD Indicator / Period Table - 29/11/2024

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

USDCAD 29/11/2024 - Reference Price : 1.4000

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