Tag Archives: CAD

Significant negative trades dominated the movements of the Canadian dollar within the expected technical outlook during the previous technical report, touching the official target station 1.3140, recording its lowest level at 1.3142. Technically, and with a closer look at the 240-minute chart, we find that the pair is stable below …

The bullish tendency of the Canadian dollar stopped after it hit a strong resistance level around 1.3300, recording its highest level at 1.3290, to start the bearish trend controlling the pair’s movements again, and it is currently trading around its lowest level during today’s morning trading at 1.3200. Technically, and …

As we expected, the Canadian dollar made significant gains yesterday, touching the required profit-taking areas at 1.3365, recording its highest level at 1.3372. From the point of view of technical analysis today, and by looking at the 4-hour chart, we find that the 14-day momentum indicator continues to defend the …

The Canadian dollar jumped within the expected positive outlook during the technical report issued yesterday, touching the first official target at 1.3300, recording its highest level at 1.3305 during today’s morning trading, and the current movements are witnessing stability near its highest level of 1.3305. Technically, and by looking at …

The Canadian dollar successfully retested the strong support floor at 1.3200, maintaining positive stability above the mentioned level, waiting for more gains. Technically, looking at the 4-hour chart, we find that the 14-day momentum indicator continues to defend the bullish daily trend, stimulated by the positive impulse from the simple …

On a quiet day marking US holiday, the US dollar posted mixed results. Commodity-linked currencies were the top performers. Markets await new information, and volatility is set to pick up on Wednesday with the release of the FOMC minutes. Then, the focus will turn to US labor market data with …

A bullish retracement dominated the Canadian dollar’s movements, building on a solid support floor near 1.3110, to start today’s trading session on an upward slope, and the intraday movements settled around its highest level at 1.3270. Technically, and by looking at the 4-hour chart, we find that the 14-day momentum …

The Canadian dollar declined significantly within the negative outlook, as we expected, touching the first target to be achieved during the previous report, located at 1.3130, recording its lowest level during the morning trading of the current session at 1.3118. From a technical point of view, today we tend to …

The Canadian dollar failed to settle for a long time above the resistance level of the psychological barrier 1.3200 to return to the bearish trend again, and the current movements are witnessing stability around its lowest level during the morning session of today’s trading session, around 1.3160 From a technical …

The Canadian dollar continues its negative trading within the expected bearish context, in which we relied on trading stability in general, below the pivotal resistance of 1.3260, touching the first official target of 1.3180, and gradually approaching the second target of 1.3130, recording its lowest level during the trading of …