Tag Archives: CAD

The movements of the Canadian dollar witnessed attempts to recover at the beginning of the first trading sessions of this week. However, it is still limited to facing a strong resistance level around 1.2880/1.2870. Technically, we tend to the negativity, relying on the support of the 50-day simple moving average …

The negative pressure returned to control the movements of the Canadian dollar after it found a strong resistance level at 1.2855, which forced it to trade negatively to retest 1.2790. Technically, taking a closer look at the 4-hour chart, we are inclined to the negativity based on stochastic losing the …

Canadian economic activity expanded at its slowest pace in four months in June as prices cooled, Ivey Purchasing Managers Index (PMI) data showed on Thursday.The seasonally adjusted index fell to 62.2 from 72.0 in May, its lowest level since February. The Ivey PMI measures the month-to-month variation in economic activity …

The Canadian dollar jumped, achieving noticeable gains, building on consolidation above the 1.2950 resistance level, touching our awaited target at 1.2980, recording the highest level at 1.3086 during the previous trading session. Technically, the positive stimulus comes from the 50-day simple moving average and the pair’s pivot above the psychological …

Quiet positive trading dominated the movements of the Canadian dollar within a gradual ascent to the upside, achieving the condition for the rise referred to during the previous analysis: cohesion above 1.2900 to touch the required target of 1.2930. Technically, we find the simple moving averages trying to push the …

The Canadian dollar was little changed against its US counterpart on Thursday but was on track for a steep quarterly decline, as equity markets globally fell and preliminary domestic data showed the economy contracting in May.Stocks sank and the safe-haven US dollar surged against a basket of major currencies, as …

The Canadian dollar benefited from the strong support floor published during the previous analysis, located at the price of 1.2840, which was the target to be touched, to force the pair to maintain the bullish path to retest the resistance of the psychological barrier of 1.2900. Technically, and by looking …

The Canadian dollar strengthens 0.3% against its American counterpart on Tuesday. The CAD has touched its strongest level since June 13 at 1.2820.Easing COVID-linked restrictions in China boosted the investors’ sentiment. Global shares were higher and the price of oil, one of Canada’s major exports, rose following China’s decision to …

Canadian Dollar witnessed Noticeable declines during the previous trading session within the expected bearish technical outlook, surpassing the first bearish target required to be touched at 1.2920, heading to visit the second target of 1.2885, recording its lowest level yesterday at 1.2855. Technically, we tend to the negativity, relying on …

The Bank of Canada has been slammed by critics after misjudging inflation and locking itself into rigid forward guidance that prevented it from reacting swiftly as prices surged and Canada’s economy began to overheat.THE Canadian dollar dips 0.1% against the US dollar. Flash estimate shows factory sales falling 2.5% in …