Tag Archives: CAD

Negative trading dominated the movements of the Canadian dollar as we expected to touch the required target for the bearish technical structure mentioned in the previous analysis at 1.2500, recording its lowest price during the early trading of the current session 1.2495. Technically, The negative pressure of the 50-day moving …

 The Canadian dollar managed to achieve the bearish path published during the technical report yesterday, heading towards touching the first target of the previously mentioned bearish technical structure 1.2570, recording its lowest price during the early trading of the current session 1.2545. Technically, and with the continuation of the negative …

The Canadian dollar’s movements witnessed limited positive attempts during the last trading session to hit the resistance level of the psychological barrier 1.2700, unable to breach it until now. Technically, and carefully looking at the 4-hour chart, we notice the beginning of a bearish technical formation that puts the price …

We adhered to intraday neutrality during the previous analysis due to the conflicting technical signals, clarifying that the bearish trend depends on confirming the break of 1.2700 to target 1.2630. As a result, the pair recorded its lowest price at 1.2630. Technically, the bearish technical structure shown on the 240-minute …

The Canadian dollar declined after it hit the resistance of the psychological barrier 1.2800 and failed to stabilize for a long time above it, return to trading with a clear negative and retest the support level of the psychological barrier 1.2700. Technically, by carefully looking at the 4-hour chart, we …

The Canadian dollar built on the pivotal support floor published during yesterday’s analysis, at 1.2670, which forced the pair to rebound to the upside to retest the psychological resistance level of 1.2800. technically, with the positive motive for the 50-day moving average, which returned to hold the price from below, …

We adhered to intraday neutrality during the previous analysis due to the conflicting technical signals, explaining that activating the short positions depends on trading below the strong demand level of 1.2700. We are witnessing a negative trading session with the initial target of retesting 1.2640. CAD is recording its lowest …

The Canadian dollar benefited from building a base on the strong support level located at 1.2630, which forced the pair to trade positively during the last trading session, to retest the previously broken support level of 1.2770. From the angle of technical analysis today, and with careful consideration on the …

The USD/CAD is trimming some of Wednesday’s losses, down by 0.05% as COVID-19 worries ease, as studies have shown that leads to milder symptoms that could be treated outside the hospital.The USD/CAD has fallen during the New York session, trading at 1.2809. Investors’ mood is mixed, as US equity indices …

Data released on Thursday showed GDP rose in Canada 0.8% in October and the Canadian economy is expected to grow at a 6.5% rate during the fourth quarter. GDP in Canada rose 0.8% in October as supply chain disruptions eased, at least temporarily. Motor vehicle and parts manufacturing jumped 19% …