CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73% 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 16/10/2024

Fundamental analysis

16 October, 2024

In Asian trading, the US Dollar was lower against the Canadian Dollar, trading below 1.3800 levels.

The pair is pulling back this morning after recording another more than two month peak during yesterday’s session. In Canada Housing Starts for September (235k expected) will be released at (13:15 GMT+1). In the United States, Export and Import Price Index data for September will be posted (13:30 GMT+1).

Technical analysis

Dollar - Canadian Dollar Analysis Technical analysis 16/10/2024
Time Frame: 1 hour

USDCAD Support & Resistance Table - 16/10/2024

Support & Resistance Level Explanation
Resistance 2 1.3818 Daily R2
Resistance 1 1.3799 Daily R1
Support 1 1.3751 Daily S1
Support 2 1.3732 Daily S2

USDCAD Indicator Table - 16/10/2024

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

USDCAD Indicator / Period Table - 16/10/2024

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

USDCAD 16/10/2024 - Reference Price : 1.3776

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