Tag Archives: CAD

Investors are still analyzing the most recent US employment statistics. Chinese consumer and producer price index data for March will be made public on Tuesday in anticipation of the US CPI on Wednesday. Easter Monday saw the US Dollar Index (DXY) continue to improve and rise, reaching a weekly high …

As we expected, the Canadian dollar declined significantly within the negative outlook, touching the official target achieved yesterday at 1.3460, recording the lowest 1.3411. Technically, the bearish trend is still the most dominant in the pair’s movements, and we find that the simple moving averages continue their negative pressure on …

The Canadian dollar achieved the negative targets we expected within the bearish path published during the previous technical analysis, touching the official target at the end of last week’s trading at 1.3550, recording the lowest at 1.3505. Technically, we tend to be negative, relying on the continuation of the negative …

On Wednesday, the US Dollar Index (DXY) recovers while traders’ attention shifts to the looming US inflation data. The Forex market offers no clear signs ahead of crucial inflation data from the Euro Area and the US. The US Dollar is moving between gains and losses despite risk appetite. The …

Limited positive trades were shown by the movements of the Canadian dollar, trying to benefit from the support level of 1.3650 to retest the resistance level of the psychological barrier of 1.3800, maintaining the negative stability once again. Technically, we are facing a bearish technical formation on the 4-hour time …

The Canadian dollar maintains its negative trading after finding a strong resistance around 1.3740, forcing the pair to trade negatively, recording its lowest level below 1.3685. Technically, we notice the stability of trading below the support of 1.3680, accompanied by the negative pressure coming from the simple moving averages, which …

The Canadian dollar is facing negative pressure since the beginning of this week’s trading, as the movements of the previous trading session witnessed a bearish trend, recording its lowest level at 1.3650. Technically, we notice the beginning of the negative pressure at the support level of 1.3680, accompanied by the …

The Canadian dollar hit the resistance level of 1.3860 after attempting to approach the target mentioned in the previous report, 1.3890, to trade negatively again below 1.3780. Technically, the current movements are witnessing a bearish direction accompanied by the negative pressure of the simple moving averages, which returned pressure on …

Positive trades dominated the movements of the Canadian dollar, as we expected, with a gradual rise to the upside, approaching a difference of a few points from the target to be achieved yesterday at 1.3830, recording its highest level at 1.3817. Technically, the bullish context is still the most probable, …

The Canadian dollar returned to achieving gains after it ended the bearish slope and succeeded in building on the strong support floor of 1.3630, explaining that the price’s consolidation above 1.3630 completely invalidates the activation of the bearish scenario. The pair recovers, waiting for 1.3670 and 1.3700, respectively, to record …