Tag Archives: CAD

The previously mentioned support level at 1.3815 successfully contained the bearish momentum that emerged at the start of the last trading session. From a technical perspective, the trend is leaning towards positivity. The 50-day simple moving average continues to support the potential for an upward movement. Intraday trading maintains stability …

The Bank of Canada Governor Tiff Macklem has warned Canadian lawmakers that the economy is in a weaker phase due to higher interest rates, restraining consumption and bringing supply and demand closer to balance. Tiff Macklem stated that the Canadian central bank is assessing the effectiveness of its monetary policy, …

As anticipated in our previous technical report, the Canadian dollar successfully reached its upward target at 1.3880, marking its peak at this level. From a technical perspective, a positive outlook persists, supported by the 50-day simple moving average and stable intraday trading above the 1.3815 support level. As long as …

Positive trading continued to control the movements of the Canadian dollar during the previous trading session, heading to visit the first official target to be achieved yesterday at the price of 1.3845, recording its highest level of 1.3845. Technically, we are leaning towards positivity, relying on trading stability above the …

The Canadian dollar jumped and achieved significant gains yesterday, as we expected. It reached the official target station at 1.3815 and recorded its highest level at 1.3818. Technically, we are leaning towards the positive, relying on the pair’s success in establishing a good support ground around 1.3760. In addition, the …

Positive trading regained control of the Canadian dollar’s movements yesterday after consolidating above the strong resistance at 1.3715, recording its highest level at 1.3754. On the technical side today, we are leaning towards positivity in our trading, relying on the regularity of work within the ascending price channel shown on …

The Canadian Dollar has slipped back into its lowest bids in almost three weeks against the US Dollar (USD) as broad-market flows reverse direction and pile back into the Greenback following a bumper reading for the US Purchasing Managers’ Index (PMI) that soundly thumped market expectations.The Bank of Canada is …

Positive trades dominated the Canadian dollar’s movements yesterday. The currency was a few points away from the target it needed to achieve during the previous session, at 1.3745, and recorded its highest level at 1.3736. Technically, we are leaning towards negativity in our trading, relying on the beginning of pressure …

Trading tended to be positive during the previous trading session, following the gradual upward path we expected, recording its highest level at 1.3734. Technically, with the pair’s success in stabilizing above the previously breached resistance at the price of 1.3680, in addition to the positive incentive coming from the simple …

Positive trades dominated the Canadian dollar’s movements, reflecting the downward trend we expected. We relied on trading stability below 1.3700. As a reminder, we indicated that moving upwards and consolidating above 1.3700 would immediately stop the expected downward trend. The pair would recover to retest 1.3740, recording its highest level. …