CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% 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. 70.91% 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 all your money. Read full risk warning.

Dollar - Canadian Dollar Analysis

EU Session Analysis for CFD Instruments 16/09/2021

Fundamental analysis

16 September, 2021

The USD/CAD pair edged upwards this morning to trade at 1.2638 The pair dropped on Wednesday afternoon in Europe. Canada’s CPI for August rose 4.1%, Year-over-Year, and 0.2%, Month-over-Month. The consensus forecasts were 4.1% and 0.1% respectively. Mortgage Applications in the United States were up 0.3%, Week-over-Week. The NY Empire State Manufacturing Index for September beat the analysts’ forecast of 18.00 coming in at 34.30.

Technical analysis

Dollar - Canadian Dollar Analysis Technical analysis 16/09/2021
Time Frame: 1 hour

USDCAD Support & Resistance Table - 16/09/2021

Support & Resistance Level Explanation
Resistance 2 1.2701 Daily R2
Resistance 1 1.2674 Daily R1
Support 1 1.2600 Daily S1
Support 2 1.2572 Daily S2

USDCAD Indicator Table - 16/09/2021

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

USDCAD Indicator / Period Table - 16/09/2021

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

USDCAD 16/09/2021 - Reference Price : 1.2637

Sell
Simple Moving AverageBuy (0)Sell (3)
Technical Indicators - OscillatorsBuy (2)Sell (0)
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