Tag Archives: CAD

We adhered to the intraday neutrality during the previous analysis due to the conflicting technical signals, explaining that activating selling positions requires confirming the pair’s breach of the 1.3350 support level. From a technical analysis point of view, and by looking closely at the 4-hour chart, we find clear negative …

Mixed trading dominated the movements of the Canadian dollar within a bearish slant to the downside after finding a solid resistance level of around 1.3460 to end the previous session’s trading at 1.3372. Technically, and by looking closely at the 240-minute chart, we find that the simple moving average started …

Retail Sales in Canada declined by 0.5% on a monthly basis in September, the data published by Statistics Canada revealed on Tuesday. This reading followed August’s increase of 0.4% and came in slightly better than the market expectation for a decrease of 0.7%. Further details of the publication revealed that …

Trading tended to be positive, dominating the movements of the Canadian dollar after it confirmed the breach of the resistance level of 1.3350, to end its daily dealings above the mentioned level. Technically, we tend to be positive in our trading, relying on the positive impulse from the 50-day simple …

The resistance levels published in the previous analysis at 1.3400 could limit the bullish tendency in the last session’s trading, which forced the pair to trade within the downside path again, recording its lowest level at 1.3305. Technically, negative pressure comes from the simple moving averages, accompanied by clear negative …

After the Consumer Price Index data release, the Canadian dollar reversed the expected bearish trend during the previous report to rebound to the upside, recording its highest level during yesterday’s trading at 1.3362. Technically, and by looking at the 4-hour chart, we find that the stochastic started entering the overbought …

Strong negative trades dominated the Canadian dollar’s movements within the main bearish trend, as we expected, approaching by a few pips from the official target of 1.3200, recording its lowest level at 1.3224. Technically, we tend in our trading to be negative, relying on the negative pressure coming from the …

A bearish tendency dominated the movements of the Canadian dollar during the previous trading session, within the expected bearish path, to settle for recording its lowest level at 1.3240. Technically and carefully considering the 240-minute time frame, we find positive crossover signs that started appearing on the stochastic indicator and …

The Canadian dollar resumed the bearish trend as we expected during the technical report issued last Friday, touching the second target that is required to be achieved at 1.3230, recording its lowest level at 1.3234. From the angle of technical analysis today, and carefully looking at the 4-hour chart, we …

A strong bearish trend dominated the movements of the Canadian dollar due to the impact of the bearish technical structure referred to during the previous head and shoulders analysis, recording its lowest level in the last trading session at 1.3308. Technically, we tend to the negativity, relying on the clear …