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. 73.43% 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 29/08/2022

Fundamental analysis

29 August, 2022

The US Canadian Dollar increased during the Asian Session. The pair is trading at 1.3067. Canada had no economic events scheduled to report. The United States reported print Michigan Consumer Sentiment for August at 58.2. The consensus was 55.1. The Core PCE Price Index Month-on-Month printed 0.1% vs 0.4% expected.

Technical analysis

Dollar - Canadian Dollar Analysis Technical analysis 29/08/2022
Time Frame: 1 hour

USDCAD Support & Resistance Table - 29/08/2022

Support & Resistance Level Explanation
Resistance 2 1.3136 Daily R2
Resistance 1 1.3106 Daily R1
Support 1 1.3026 Daily S1
Support 2 1.2996 Daily S2

USDCAD Indicator Table - 29/08/2022

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

USDCAD Indicator / Period Table - 29/08/2022

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

USDCAD 29/08/2022 - Reference Price : 1.3067

Buy
Simple Moving AverageBuy (3)Sell (0)
Technical Indicators - OscillatorsBuy (1)Sell (0)
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US Dollar - Canadian Dollar Chart
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