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 17/06/2022

Fundamental analysis

17 June, 2022

The US Canadian Dollar pair inched upwards this morning. The pair is trading at 1.2952. Canada reported Wholesale Sales Month-on-Month for April at -0.5% vs 0.2% expected. The United States printed The Philadelphia Fed Manufacturing Index for June at -3.3. The consensus was 5.5. Housing Starts for May printed 1.549m vs 1.701m expected. Building Permits for May came in at 1.695m vs 1.785m expected. Initial Jobless Claims came in at 229k. The consensus was 215k.

Technical analysis

Dollar - Canadian Dollar Analysis Technical analysis 17/06/2022
Time Frame: 1 hour

USDCAD Support & Resistance Table - 17/06/2022

Support & Resistance Level Explanation
Resistance 2 1.3028 Daily R2
Resistance 1 1.2992 Daily R1
Support 1 1.2898 Daily S1
Support 2 1.2862 Daily S2

USDCAD Indicator Table - 17/06/2022

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

USDCAD Indicator / Period Table - 17/06/2022

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

USDCAD 17/06/2022 - Reference Price : 1.2952

Buy
Simple Moving AverageBuy (3)Sell (0)
Technical Indicators - OscillatorsBuy (2)Sell (1)
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