Tag Archives: CAD

A bullish tendency dominated the movements of the Canadian dollar yesterday. However, as a reminder, we remained neutral for the moment due to the conflict between the technical signals, explaining that activating buying positions depends on confirming the breach of 1.3380 to target 1.3410 & 1.3460, to suffice for recording …

The Canadian dollar is repeating attempts to rise. However, trading is still within a narrow path confined from below, above the support level of 1.3330, and from above, below the resistance level of 1.3380. Technically, the stochastic indicator sent positive intersection signals in the 240-minute timeframe. Furthermore, we find the …

The Canadian dollar failed to settle for a long time above the strong resistance level at 1.3380, which formed negative pressure, forcing the pair to trade negatively again, settling around its lowest level at around 1.3330. Technically, and with a closer look at the 4-hour chart, the simple moving averages …

The Canadian dollar successfully retested the strong support at 1.3350, which helped it achieve a bullish bounce, to hover now around its highest level during the morning trading of the current session at 1.3435. Technically, the simple moving averages support the possibility of a bullish bias, supported by the clear …

The Canadian dollar found a strong selling point around the required target to be touched yesterday at 1.3470, recording its highest level at 1.3470, to start a rapid decline to the downside, to retest the support level of 1.3380, to witness the intraday movements of the pair around the mentioned …

The positive performance of the Canadian dollar during the first trading of this week within the expected bullish path during the previous technical report, touching the first target at 1.3475, to record its highest level at 1.3475. Technically, the continuation of the simple moving averages provides a positive motive that …

The Canadian dollar was able to build on the support at 1.3330, which forced it to rebound to the upside, to succeed in retesting the resistance level of the psychological barrier 1.3400, recording its highest level at 1.3426. Technically, and by looking at the 240-minute chart, we find that the …

Negative trades returned to control the movements of the Canadian dollar, after it failed to stabilize for a long time above the strong resistance level at 1.3400, which forced it to trade in negativity. The pair is now hovering around 1.3277. Looking closely at the 240-minute chart, we find that …

The Canadian dollar reversed the daily bearish trend expected during the previous analysis after it built on the support floor of 1.3300, previously explained as a support level, to return to the bullish rebound, and now hovering around its highest level during the session 1.3410. Technically, the pair was able …

We remained neutral during the last report due to conflicting technical signals for CAD, explaining that activating short positions depends on breaking 1.3350, targeting 1.3300, and recording a low of 1.3299. Technically, and with a closer look at the 240-minute chart, we notice the continuation of the negative pressure of …