Tag Archives: CAD

Positive momentum continued to drive the movements of the Canadian dollar, aligning with the anticipated upward trajectory outlined in the previous technical report. The currency successfully reached the official targets at 1.3750 and 1.3790, achieving its peak during the morning trading session at 1.3783. Today’s technical analysis leans towards positivity, …

The Canadian dollar experienced an upward trend, finding support at 1.3630, which facilitated a rebound, with the pair currently stabilizing near its morning peak around 1.3680. Today’s technical analysis suggests a positive outlook, buoyed by the supportive influence of the 50-day simple moving average. This is further reinforced by favorable …

The Canadian dollar has continued its bearish trajectory, encountering strong resistance near the 1.3730 level, prompting renewed negative trading for the pair. From a technical standpoint, the 240-minute timeframe reveals the persistence of bearish technical patterns, reinforcing the overarching daily downtrend. Additionally, the ongoing formation of simple moving averages continues …

The Canadian Dollar pair followed the anticipated downward trend outlined in the previous report, reaching the initial target at 1.3660 and reaching a low of 1.3654. In terms of technical analysis on the 4-hour timeframe, the bearish technical pattern persists, supporting the overall negative sentiment. Additionally, the continued presence of …

Yesterday, the Canadian dollar experienced a predominant downward trend, consistent with the negative outlook anticipated in the previous technical report. The price reached the first target at 1.3695, hitting a low of 1.3687. From a technical analysis perspective today, focusing on the 240-minute timeframe, a bearish technical pattern emerges, reinforcing …

The Canadian dollar remains under the influence of a persistent downward trend, which gained momentum following the breach of the significant support level at 1.3760. Currently, the pair is stabilizing around its lowest level near 1.3725. Examining the technical analysis on the 4-hour timeframe today, we observe a bearish technical …

The Canadian Dollar has seen minor gains on Monday, extending its rebound from year-to-date lows after Friday’s upbeat Ivey PMI. This is due to a modest appetite for risk on a calm weekly opening, which allows some US Dollar pullback ahead of key macroeconomic data this week. The US economy …

The Canadian dollar encountered resistance at the psychological barrier of 1.3600, a level that has historically provided stability and recently led to negative trading momentum, with the pair currently hovering around 1.3550. In terms of technical analysis today, our inclination leans towards a bearish outlook, albeit cautiously, as we observe …

Positive momentum continued to drive the movements of the Canadian dollar, with the currency reaching its peak at 1.3565 after breaking through the psychological resistance level of 1.3500 and establishing stability above it. In terms of technical analysis today, we maintain a bullish outlook, supported by the currency’s ability to …

The Canadian dollar (CAD) shows little movement as markets await the Federal Reserve’s (Fed) interest rate decision and economic outlook, expected at 18:00 GMT today. The Bank of Canada’s (BoC) upcoming statement is likely to have minimal impact, with investor focus on the Fed’s potential rate cut signal.Earlier expectations of …