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 21/01/2025

Fundamental analysis

21 January, 2025

In Asian trading, the US Dollar increased against the Canadian Dollar, trading above 1.4400 levels.
The currency pair has been highly volatile over the past 24 hours and hit a four year peak late yesterday in reaction to remarks made by President Trump indicating that the US intends to impose 25% tariffs upon Canada. In Canada, CPI Inflation data for December (1.7% exp) will be released (13:30 GMT). In the US, there are no major data releases today.

Technical analysis

Dollar - Canadian Dollar Analysis Technical analysis 21/01/2025
Time Frame: 1 hour

USDCAD Support & Resistance Table - 21/01/2025

Support & Resistance Level Explanation
Resistance 2 1.45112 Daily R2
Resistance 1 1.44794 Daily R1
Support 1 1.43944 Daily S1
Support 2 1.43626 Daily S2

USDCAD Indicator Table - 21/01/2025

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 - 21/01/2025

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

USDCAD 21/01/2025 - Reference Price : 1.44369

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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