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 24/01/2022

Fundamental analysis

24 January, 2022

The USD/CAD pair declined this morning to trade at 1.2568. The pair rallied on Friday in a choppy session. Canada’s Retail Sales for November printed up 0.7%, Month-over-Month. The consensus forecast was 1.2%. In the United States, the Leading Index for December printed at 0.8%, as expected.

Technical analysis

Dollar - Canadian Dollar Analysis Technical analysis 24/01/2022
Time Frame: 1 hour

USDCAD Support & Resistance Table - 24/01/2022

Support & Resistance Level Explanation
Resistance 2 1.2621 Daily R2
Resistance 1 1.2600 Daily R1
Support 1 1.2543 Daily S1
Support 2 1.2522 Daily S2

USDCAD Indicator Table - 24/01/2022

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

USDCAD Indicator / Period Table - 24/01/2022

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

USDCAD 24/01/2022 - Reference Price : 1.2574

Buy
Simple Moving AverageBuy (2)Sell (1)
Technical Indicators - OscillatorsBuy (2)Sell (1)
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US Dollar - Canadian Dollar Chart
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