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 03/12/2024

Fundamental analysis

03 December, 2024

In European trading, the US Dollar increased against the Canadian Dollar, trading just above 1.4000 levels.
The USD/CAD is slowly recovering ground lost over the last week following the Trump administration announced tariffs towards Canada. In Canada there are no data releases today. In the United States, JOLTS Jobs Openings for October (7.49 mln exp) will be released (15:00 GMT).

Technical analysis

Dollar - Canadian Dollar Analysis Technical analysis 03/12/2024
Time Frame: 1 hour

USDCAD Support & Resistance Table - 03/12/2024

Support & Resistance Level Explanation
Resistance 2 1.4088 Daily R2
Resistance 1 1.4066 Daily R1
Support 1 1.4006 Daily S1
Support 2 1.3984 Daily S2

USDCAD Indicator Table - 03/12/2024

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

USDCAD Indicator / Period Table - 03/12/2024

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

USDCAD 03/12/2024 - Reference Price : 1.4036

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