Tag Archives: CAD

The Canadian dollar managed to achieve some modest gains during the previous trading session and is still hovering around the retest target required to be achieved around 1.2840. Technically, we tend to the negativity, but with caution, relying on the clear negative signs on the stochastic indicator, which started losing …

We adhered to intraday neutrality during the previous analysis due to the conflicting technical signals to find the Canadian dollar for the second consecutive session, unable to break the strong support level at 1.2770 and obtain a positive closing above the mentioned level to retest 1.2870. Technically, we tend in …

Trading tilted to the negative, which dominated the Canadian dollar’s movements yesterday, to find a solid support floor near the 1.2770 level, forcing it to rebound to the upside. It is now hovering around the 1.2810 level. Technically and carefully considering the 4-hour chart, we find a conflict in the …

Quiet trading tilted to the negative, dominating the movements of the Canadian dollar within a gradual decline to the downside, as we expected, approaching by a few points from the published target 1.2775, recording a low at 1.2783. From the angle of technical analysis today, the current trading levels for …

Mixed trades dominated the movements of the Canadian dollar during the last session’s trading to succeed in retesting the resistance level required to be touched during the previous analysis at 1.2895, recording its highest level at 1.2895. Technically, the 50-day simple moving average started to pressure the price from above, …

The pace of annual inflation in Canada according to the Consumer Price Index (CPI) rose to 6.8% in April, data released by Statistics Canada on Wednesday showed. That was slightly above expectations for a YoY rate of CPI to come in unchanged from March at 6.7% in April. MoM, prices …

Quiet trading dominated the movements of the Canadian dollar, tending to the negative after it temporarily failed to maintain stability above the 1.2880 support level, approaching the target that is required to be visited around 1.2775, recording its lowest level at 1.2795. Technically, there are cohesion attempts above the psychological …

Strong negative trades dominated the Canadian dollar’s movements yesterday, nullifying the expected positive outlook during the previous analysis. As a result, we depended on trading stability above 12910, recording the lowest price at 1.2820. Technically, we find the simple moving averages are back to pressure the price from above, and …

The Canadian dollar retests the support published during the previous analysis at 1.2910, recording its lowest level at 1.2893 before returning to the bullish path. Technically and carefully looking at the 4-hour chart, we notice the rapid bullish bounce that occurred with the stability of trading above 1.2910 accompanied by …

The Canadian dollar jumped, continuing to the upside within the expected bullish context, surpassing the first target that is required to be touched during the previous analysis at 1.3060, recording the highest at 1.3076. Technically, and with careful consideration of the 4-hour chart, we find the resistance level of 1.3060 …