Tag Archives: CAD

Significant negative trades dominated the movements of the Canadian dollar during the first trading sessions of this week within the expected negative outlook, touching the bearish target that should be achieved at 1.3310, recording the lowest at 1.3313. Technically, the support levels posted at 1.3315 limited the bearish bias and …

The Canadian dollar declined significantly to incur significant losses, surpassing the bearish target published in the previous report at 1.3510. It is now settling around its lowest level during today’s morning session 1.3370. Technically, and with a closer look at the chart, we find that the simple moving averages returned …

Positive trades dominated the movements of the Canadian dollar during the previous trading session after it succeeded in breaching the resistance level of 1.3585, which is hovering around at the moment and starts with negative pressure on the mentioned level. Technically, and when looking closely at the chart, we find …

It is hovering around its highest level during the current session at 1.3615. Technically, and with a closer look at the chart, the simple moving averages continue to support the daily bullish price curve. On the other hand, signs of negativity began to appear on the stochastic indicator, which started …

The Canadian dollar approached the first target during the previous trading session at 1.3650, recording its highest level at 1.3645. Technically, and by looking at the 4-hour chart, we renew that the pair started to exit from the ascending channel, and we find that the relative strength index started to …

The bullish trend still dominates the Canadian dollar’s movements, with a gradual rise to the upside within the expected bullish context. However, it reached its highest level, around 1.3650 resistance, which succeeded in limiting the bullish bias. Technically, the bullish trend is still the most preferred, relying on trading stability …

As we expected, the Canadian dollar provided a noticeable rally during the previous trading session to touch the required bullish targets at 1.3590 & 1.3620, recording its highest level at 1.3647. Technically, the bullish trend is still the most preferred, relying on building a good support floor around the previously …

The technical outlook remains unchanged, and the pair’s movements did not change, trying to maintain positive stability, as we mentioned during the previous analysis. Technically, the pair confirmed the breach of the resistance level of 1.3500, which turned into a support level according to the concept of role exchange, and …

Positive trades dominated the movements of the Canadian dollar, building on the support of the psychological barrier 1.3500, to start trading today’s session on an upward slope, and hover around its highest level during the early trading of the current session 1.3560. Technically, the pair confirmed the breach of the …

Noticeable losses continue to control the Canadian dollar’s movements within the expected bearish path during yesterday’s session, surpassing the required target at 1.341 as could continue the selling pressure towards 1.3375, recording its lowest level at 1.3330. Technically, with the pair’s failure to maintain trading above 1.3410, in addition to …