The technical outlook is unchanged, and the Canadian dollar’s movements did not change much, maintaining negative stability, as we expected, after the 1.3270 resistance managed to limit the bullish bias, to see the current movements stabilize around its lowest level during the early trading of the current session at 1.3209. …
Read More »CAD: negativity remains 20/6/2023
Trading tended to be negative and dominated the Canadian dollar’s movements, with the beginning of trading this week recording its lowest level yesterday at 1.3180. Technically, the current movements of the pair witness a limited bullish bias, benefiting from the attempt to stabilize above the support level of 1.3180, and …
Read More »CAD loses momentum 15/6/2023
Trading tended to be negative, dominating the Canadian dollar’s movements within the expected bearish context, approaching by a few points away from the target to be achieved during the previous report at 1.3260, recording its lowest level at 1.3270. Technically, the current movements of the pair witness a limited bullish …
Read More »Post US Rate Policy Pause Market Drivers, 14/06/2023
Gold finished flat around $1,940, looking weak. Earlier, the yellow metal peaked at $1,960 but dropped after the FOMC rate decision. Silver rose 1% and finished slightly below $24.00. Cryptocurrencies tumbled late on Wednesday, with BTC/USD falling more than 3% and briefly to below the $25,000 level; namely the $24,927.80 …
Read More »CAD: Canadian maintains negative stability 13/6/2023
The technical outlook is unchanged, and the Canadian dollar did not witness a significant technical change, maintaining the bearish context. The pair’s intraday movements are stable below the resistance level of 1.3390. Technically, the pair breached the support level at 1.3420 and turned into a resistance level according to reciprocating …
Read More »CAD: Negativity remains 12/6/2023
Positive movements dominated the trading of the British pound against the US dollar within the expected bullish context by last week’s trading, touching the first target 1.2595, recording its highest level at 1.2593. On the technical side today, and by looking at the 4-hour chart, we find that the simple …
Read More »CAD: Negative pressure is in place 9/6/2023
The Canadian dollar declined significantly yesterday, within the expected bearish path during the previous technical report, as the support level of 1.3350 succeeded in limiting the bearish bias. Technically, the pair breached the support level of 1.3420 and turned into a resistance level. The simple moving averages continue to pressure …
Read More »CAD: touches the target 8/6/2023
The Canadian dollar declined significantly yesterday, within the expected bearish context during the previous technical report, touching the official target station at 1.3320, recording its lowest level at 1.3320. From the point of view of technical analysis today, the pair succeeded in breaching the support level of 1.3420. they have …
Read More »CAD: negative pressure remains 7/6/2023
The bearish trend continues to control the movements of the Canadian dollar. It is heading to touch the bearish target required to be achieved during the previous report, located at 1.3385, recording its lowest level at 1.3388. Technically, today, we notice the continuation of the clear negative crossover signs on …
Read More »CAD continues to decline 5/6/2023
The technical outlook remains unchanged, and the pair’s movements did not change significantly, maintaining negative stability after failing to achieve a daily closing above the resistance of the psychological barrier of 1.3500. From a technical point of view, today, we notice the continuation of the clear negative crossover signs on …
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