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 22/11/2024

Fundamental analysis

22 November, 2024

In Asian trading, the US Dollar climbed higher against the Canadian Dollar, trading below 1.4000 levels.

The currency pair rose in the Asian session given a stronger demand for the dollar. In Canada Retail Sales data will be published at (13:30 GMT) expecting a growth of 0.3% and Manufacturing Sales expecting a result of -0.8%. In the United States, the US Services PMI will be published at (14:45 GMT) expecting a level of 55.0.

Technical analysis

Dollar - Canadian Dollar Analysis Technical analysis 22/11/2024
Time Frame: 1 hour

USDCAD Support & Resistance Table - 22/11/2024

Support & Resistance Level Explanation
Resistance 2 1.4033 Daily R2
Resistance 1 1.4011 Daily R1
Support 1 1.3951 Daily S1
Support 2 1.3928 Daily S2

USDCAD Indicator Table - 22/11/2024

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

USDCAD Indicator / Period Table - 22/11/2024

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

USDCAD 22/11/2024 - Reference Price : 1.3982

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