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

EU Session Analysis for CFD Instruments 21/11/2024

Fundamental analysis

21 November, 2024

In Asian trading, the US Dollar edged lower against the Canadian Dollar, trading below 1.4000 levels.

The currency pair declined slightly after the dollar eased during the Asian session ahead of a packed day of data from the US which may provide clues on inflation and the Fed’s future rate path. 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).

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 1.4026 Daily R2
Resistance 1 1.4000 Daily R1
Support 1 1.3935 Daily S1
Support 2 1.3910 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 : 1.3960

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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