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. 75% 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 03/10/2024

Fundamental analysis

03 October, 2024

In Asian trading, the US Dollar rose against the Canadian Dollar, trading above 1.3500 levels.
The USD/CAD pushed higher in the Asian session as the firm dollar continued to dominate the currency markets. In Canada, no major data is expected to be published today. In the United States, Initial Jobless Claims data (221k expected) will be released (13:15 GMT+1). US Global Services PMI for September (55.4 exp) will be posted (14:45) and ISM Non Manufacturing PMI for September (51.6 exp) will be released (15:00).

Technical analysis

Dollar - Canadian Dollar Analysis Technical analysis 03/10/2024
Time Frame: 1 hour

USDCAD Support & Resistance Table - 03/10/2024

Support & Resistance Level Explanation
Resistance 2 1.3556 Daily R2
Resistance 1 1.3542 Daily R1
Support 1 1.3504 Daily S1
Support 2 1.3489 Daily S2

USDCAD Indicator Table - 03/10/2024

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

USDCAD Indicator / Period Table - 03/10/2024

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

USDCAD 03/10/2024 - Reference Price : 1.3511

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