Tag Archives: CAD

The Canadian dollar’s movements witnessed a bullish bounce during the previous trading session, clarifying the importance of the pivotal support floor located at 1.2710, which forced the pair to rally to the upside to visit 1.2860. From the angle of technical analysis today, and with careful consideration of the 4-hour …

The Canadian dollar declined noticeably after several days of consecutive ascent after it succeeded in recording its highest levels around the psychological barrier of 1.2900. Technically, we find that the pair failed to stabilize for a long time above 1.2900 and failed to maintain the trading level above 1.2750. With …

After several consecutive days of ascending, the Canadian dollar touched the target price mentioned in the last analysis, at 1.2870, recording the highest price of 1.2880, which forced the pair to achieve some decline due to touching the resistance level of 1.2870. Technically, by looking at the 4-hour chart, we …

Notable gains dominated the Canadian dollar’s movements with the opening of last week’s trading after it succeeded in bouncing on the 1.2700 support floor, heading towards touching the official station that needs to be touched in the previous technical report at 1.2830, recording its highest level at 1.2827. Technically, we …

As we expected during the most recent analysis, the Canadian dollar jumped, touching the target that is required to be touched at the end of last week’s trading, around 1.2700, recording its highest level at 1.2726. Technically, by looking at the 4-hour chart, we notice the 50-day moving average continuing …

Data released in Canada on Friday showed a better-than-expected reading on February retail sales. Analysts point out that retail sales volumes held their own in February and March, despite the headwinds to goods spending of mounting inflationary pressure and reopening service industries. The 0.1% gain in February was a little …

The pivotal support levels at 1.2460 managed to limit the bearish bias, which forced the pair to rebound bullishly again, heading to touch the required retest target at 1.2660, bypassing the target to record the highest 1.2590. Technically and carefully considering the 4-hour chart, the positive signs on the stochastic …

The Canadian dollar declined noticeably, canceling the expected positive outlook in the previous analysis, in which we relied on the stability of trading above the 1.2570 level. Accordingly, we indicated that any trading below 1.2570 will postpone the attempts to rise and put the pair under negative pressure to target …

Fed Chair Jerome Powell’s remarks on Thursday will be closely monitored and are being flagged as having the potential to reignite the buck’s recent bull run. ECB President Christine Lagarde and BoE Governor Andrew Bailey will both also be speaking, so central bank policy divergence will be an important FX …

Annual headline inflation in Canada jumped to 6.7% in March, according to the latest Consumer Price Index (CPI) figures released by Statistics Canada on Wednesday. That was well above the median economist forecast for a rise to 6.1% from 5.7% YoY in February. The larger than expected jump in the …