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 22/10/2024

Fundamental analysis

22 October, 2024

In Asian trading, the US Dollar fell against the Canadian Dollar, trading above 1.3800 levels.

The currency pair declined and surrendered some of the gains yesterday, which saw it record another two month peak. In Canada Raw Materials Price Index data (-1.7% expected) will be posted (13:30 GMT+1). In the United States, Fed Member Harker will speak (15:00 GMT+1).

Technical analysis

Dollar - Canadian Dollar Analysis Technical analysis 22/10/2024
Time Frame: 1 hour

USDCAD Support & Resistance Table - 22/10/2024

Support & Resistance Level Explanation
Resistance 2 1.38600 Daily R2
Resistance 1 1.38452 Daily R1
Support 1 1.38056 Daily S1
Support 2 1.37908 Daily S2

USDCAD Indicator Table - 22/10/2024

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

USDCAD Indicator / Period Table - 22/10/2024

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

USDCAD 22/10/2024 - Reference Price : 1.38254

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