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 15/01/2025

Fundamental analysis

15 January, 2025

In Asian trading, the US Dollar edged higher against the Canadian Dollar, trading above 1.4300 levels.
The currency pair was slightly higher after two days of losses as the greenback somewhat weakened after expectations that the Bank of Canada will cut rates in February are declining due to recent strong employment data. In Canada, Wholesale Sales data for November (-0.6% exp) will be released (11:00 GMT). In the US, Producer Price Index data for December (0.4% expected) will be released (13:30 GMT).

Technical analysis

Dollar - Canadian Dollar Analysis Technical analysis 15/01/2025
Time Frame: 1 hour

USDCAD Support & Resistance Table - 15/01/2025

Support & Resistance Level Explanation
Resistance 2 1.44048 Daily R2
Resistance 1 1.43840 Daily R1
Support 1 1.43284 Daily S1
Support 2 1.43076 Daily S2

USDCAD Indicator Table - 15/01/2025

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

USDCAD Indicator / Period Table - 15/01/2025

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

USDCAD 15/01/2025 - Reference Price : 1.43562

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