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. 73.43% 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 09/04/2021

Fundamental analysis

09 April, 2021

The USD/CAD pair edged lower to 1.2574 on Friday morning. The pair traded lower on Thursday. Canada’s economic calendar was empty. Lower long term treasury yields in the United States helped the Loonie. In the United States, Initial Jobless Claims for the past week came in at 744,000, higher than the 680,000 that the analysts had predicted.

Technical analysis

Dollar - Canadian Dollar Analysis Technical analysis 09/04/2021
Time Frame: 1 hour

USDCAD Support & Resistance Table - 09/04/2021

Support & Resistance Level Explanation
Resistance 2 1.2637 Daily R2
Resistance 1 1.2616 Daily R1
Support 1 1.2559 Daily S1
Support 2 1.2538 Daily S2

USDCAD Indicator Table - 09/04/2021

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

USDCAD Indicator / Period Table - 09/04/2021

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

USDCAD 09/04/2021 - Reference Price : 1.2592

Buy
Simple Moving AverageBuy (3)Sell (0)
Technical Indicators - OscillatorsBuy (3)Sell (0)
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