Tag Archives: CAD

The Canadian dollar achieved the first target of the bullish corrective slope at 1.2645, recording the highest during the previous trading session, 1.2647. Technically, the resistance level 1.2645 formed negative pressure areas that forced the pair to retest the psychological barrier of 1.2600. By looking at the 4-hour chart, we …

USD/CAD practically touched fresh highs at 1.2610 on Wednesday. The pair could slightly eclipse last week’s 1.2604 high and has since dropped back from session extremes a little.Crude oil markets have encountered pressure in recent hours, with WTI and Brent both now down by more than $2.0 during US session …

The Canadian dollar managed to work within the bullish technical correction referred to during this week’s reports, touching the first target of the last report at 1.2570, recording the highest level at 1.2586. Technically, the pair is now hovering around a strong resistance level of 1.2590 represented by the 38.20% …

The Bank of Canada is still expecting economic easing to be absorbed in the middle quarters of 2022, but that does not necessarily mean in the second quarter according to statements by a key deputy governor on Tuesday, potentially dashing traders and investors; hopes across the market concerning an early …

The Canadian dollar has restored the strong support level mentioned in the last report at 1.2500 and still seeks to maintain the bullish corrective slope stable above 1.2480. Technically and carefully looking at the 4-hour chart, we notice the arrival of the stochastic indicator around the overbought areas, in addition …

After reaching four-week highs, the USD/CAD pair has slumped for the second successive session down 0.18%, the pair is now trading at 1.2524 during on Monday.The fall is mainly driven by US dollar’s current weakness, caused by a weaker than expected University of Michigan consumer sentiment that plummeted to a …

The technical outlook is unchanged, and the movements of the Canadian dollar did not change, maintaining the positive stability within the bullish corrective path. Technically, and with the pair’s success in intraday stability above 1.2510, in addition to the stability of trading above the previously breached resistance level 1.2480 located …

The Canadian dollar gathered bullish momentum within the expected bullish corrective path after confirming the breach of 1.2470, heading towards touching the first official target of the bullish correction wave at 1.2580, recording its highest level during the early trading of the current session at 1.2600. Technically, and with the …

The euro declined, Thursday, as the USD rose on the back of the strongest U.S. inflation reading in over 30 years fueling expectations of Fed interest rate hikes next year. U.S. CPI data showed the biggest gain in four months, lifting the annual increase to 6.2%, the strongest year-on-year rise …

The Canadian dollar was able to maintain the expected bullish corrective path, which we relied on in the stability of trading in general above the 1.2370 support, in addition to breaching 1.2480, explaining that this helps the pair maintain positive stability, targeting 1.2530 to record the highest at 1.2515 during …