Tag Archives: CAD

During the previous session’s trading, the Canadian dollar saw a resurgence of upward momentum, leveraging the support level at 1.3480 to initiate an upward rebound, with current levels hovering around 1.3540. Today’s technical analysis suggests a positive outlook, primarily driven by the reestablishment of stability in the pair’s price above …

The Canadian dollar experienced tranquil trading conditions with a slight positive bias, manifesting a sideways trend confined between the lower boundary around 1.3500 and the upper threshold below 1.3535. Today’s technical analysis, upon scrutiny of the 4-hour timeframe chart, reveals the simple moving average endeavoring to uplift the price. However, …

The Canadian dollar pair commenced its weekly trading session on a bullish note, albeit with some limitations, following its successful retest of the robust support level at 1.3460. In terms of technical analysis today, we lean towards a positive outlook, supported by the pair’s stability in trading above the aforementioned …

Negative trading prevailed in the movements of the Canadian dollar during the previous trading session, aligning with the anticipated negative outlook. The pair touched the first target at 1.3465 and came close, within a few points, to reaching the second target at 1.3420, marking its lowest point at 1.3440. From …

The Canadian dollar faces hurdles in maintaining stability above the psychological resistance level of 1.3500, which serves as a formidable obstacle, constraining bullish momentum. Technical Analysis Insights In the current market landscape, a bearish trend unfolds below the critical 1.3500 threshold. A detailed analysis of the 4-hour timeframe chart reveals …

The Canadian dollar has exhibited the anticipated positive trajectory, achieving our initial target during the prior trading session, reaching a peak of 1.3529 against its counterpart. Technical Analysis Insights: Today’s technical analysis reveals the pair’s attempt to establish stability above the robust support level of 1.3500. Moreover, the Stochastic indicator …

Statistics Canada’s latest report revealed a softening in inflation for Canada, with the Consumer Price Index (CPI) showing a decrease to 2.9% on a yearly basis in January from 3.4% in December. This figure fell below market expectations, which were anticipating a rate of 3.3%. Additionally, on a monthly basis, …

The Canadian dollar displayed strength yesterday with an upward trend dominating its movements, carrying over into today’s trading session with a positive bias. The currency hovers around its morning peak, reaching 1.3510. Technical Analysis Points to Continued Positive Momentum Technical analysis indicates that the pair continues to benefit from support …

Subdued Performance Recap:The Canadian dollar witnessed a notable decline in the previous trading session, reversing the anticipated upward trajectory outlined in the technical report. This downturn was primarily influenced by the weakening of the US dollar following the release of retail data. Technical Analysis Insights:Despite the recent bearish sentiment, the …

The Canadian dollar continues to exhibit positive stability, benefitting from its position above the psychological barrier support level of 1.3500, reaching its highest point at 1.3572. Technical Analysis Perspective: Today’s technical analysis leans towards positivity, hinging on the confirmation of the pair’s breach above the 1.3520 resistance level. Additionally, the …