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. 73.43% 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 07/11/2022

Fundamental analysis

07 November, 2022

The US Canadian Dollar was sharply lower during the Asian Session. The pair traded at 1.3501 this morning. Canada reported Employment Change Month-on-Month for October at 108.3k. The consensus was 10.0k. The Unemployment Rate for October printed 5.2% vs 5.3% expected. Ivey PMI for October printed 50.1. The United States printed the Unemployment Rate for October at 3.7%. The consensus was 3.5%. Nonfarm Payrolls for October were reported at 261k vs 200k expected.

Technical analysis

Dollar - Canadian Dollar Analysis Technical analysis 07/11/2022
Time Frame: 1 hour

USDCAD Support & Resistance Table - 07/11/2022

Support & Resistance Level Explanation
Resistance 2 1.3639 Daily R2
Resistance 1 1.3590 Daily R1
Support 1 1.3462 Daily S1
Support 2 1.3414 Daily S2

USDCAD Indicator Table - 07/11/2022

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

USDCAD Indicator / Period Table - 07/11/2022

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

USDCAD 07/11/2022 - Reference Price : 1.3523

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