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 09/06/2021

Fundamental analysis

09 June, 2021

The USD/CAD pair inched lower to 1.2109. The pair moved marginally higher in choppy trading on Tuesday. Canada’s Trade Balance for April printed at C$590 million. The consensus forecast was -C$700 million. In the United States, the JOLTS Job Openings report for April showed almost 9.3 million job openings. Analysts had only predicted 8.3 million openings. The U.S. Trade Balance for April printed at -$68.90 billion, as expected.

Technical analysis

Dollar - Canadian Dollar Analysis Technical analysis 09/06/2021
Time Frame: 1 hour

USDCAD Support & Resistance Table - 09/06/2021

Support & Resistance Level Explanation
Resistance 2 1.21477 Daily R2
Resistance 1 1.21290 Daily R1
Support 1 1.20794 Daily S1
Support 2 1.20607 Daily S2

USDCAD Indicator Table - 09/06/2021

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 - 09/06/2021

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

USDCAD 09/06/2021 - Reference Price : 1.21042

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