During today’s Asian trading session, the US Dollar recorded a slight increase against the Canadian Dollar, now positioned above the 1.3600 mark. This subtle movement comes on a day devoid of major economic announcements from both Canada and the United States, leaving traders to base their strategies on broader market sentiments and technical analyses. Amidst these trading conditions, individuals utilizing advanced AI-based trading tools have observed remarkable efficiencies. Specifically, this technology has enabled users to navigate the market autonomously, culminating in a notable 34% return on investment within just the past 24 hours. Learn more about this AI-driven success.
Technical analysis
Time Frame: 1 hour
USDCAD Support & Resistance Table – 13/05/2024
| Support & Resistance | Level | Explanation |
| Resistance 2 | 1.3723 | Daily R2 |
| Resistance 1 | 1.3705 | Daily R1 |
| Support 1 | 1.3655 | Daily S1 |
| Support 2 | 1.3637 | Daily S2 |
USDCAD Indicator Table – 13/05/2024
| Indicator | Signal |
| SMA 20 | Sell |
| SMA 50 | Sell |
| SMA 100 | Sell |
| MACD( 12;26;9) | Sell |
| RSI (14) | Neutral |
| Stochastic ( 9;6;3) | Neutral |
USDCAD Indicator / Period Table – 13/05/2024
| Indicator / Period | Day – Sell | Week – Buy | Month – Buy |
| MACD( 12;26;9) | Sell | Buy | Buy |
| RSI (14) | Neutral | Buy | Buy |
| SMA 20 | Sell | Buy | Buy |
USDCAD 13/05/2024 – Reference Price : 1.3680
| SELL | Simple Moving AverageBuy (0)Sell (3)Technical Indicators – OscillatorsBuy (0)Sell (2) |
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