Tag Archives: CAD

The bullish trend still dominates the Canadian dollar’s movements, with a gradual rise to the upside within the expected bullish context. However, it reached its highest level, around 1.3650 resistance, which succeeded in limiting the bullish bias. Technically, the bullish trend is still the most preferred, relying on trading stability …

As we expected, the Canadian dollar provided a noticeable rally during the previous trading session to touch the required bullish targets at 1.3590 & 1.3620, recording its highest level at 1.3647. Technically, the bullish trend is still the most preferred, relying on building a good support floor around the previously …

The technical outlook remains unchanged, and the pair’s movements did not change, trying to maintain positive stability, as we mentioned during the previous analysis. Technically, the pair confirmed the breach of the resistance level of 1.3500, which turned into a support level according to the concept of role exchange, and …

Positive trades dominated the movements of the Canadian dollar, building on the support of the psychological barrier 1.3500, to start trading today’s session on an upward slope, and hover around its highest level during the early trading of the current session 1.3560. Technically, the pair confirmed the breach of the …

Noticeable losses continue to control the Canadian dollar’s movements within the expected bearish path during yesterday’s session, surpassing the required target at 1.341 as could continue the selling pressure towards 1.3375, recording its lowest level at 1.3330. Technically, with the pair’s failure to maintain trading above 1.3410, in addition to …

The Canadian dollar was able to maintain the bearish path, heading to touch the first profit-taking required to be achieved during the previous trading session’s trading at 1.3440, recording its lowest level at 1.3428. From the angle of technical analysis today, we continue to maintain the negative outlook, relying on …

Negative trades dominated the movements of the Canadian dollar within the negative outlook, as we expected during the previous analysis, to start with negative pressure on the support floor published in the last analysis at 1.3480. Technically, the Canadian dollar failed to stabilize over the negative barrier of 1.3500, and …

After attempts to rise, the Canadian dollar found a strong resistance level of around 1.3550 to find the resistance above. It started to form negative pressure on the price within a sideways path it cannot breach until now. Technically, we find the Canadian dollar stable above the floor of support …

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 …