Tag Archives: CAD

The Canadian dollar succeeded in touching the awaited official station during the previous analysis within the expected bearish path. Therefore, we relied on the price stability below 1.2600, heading to visit the official target of 1.2530, recording the lowest price at 1.2532. From the technical analysis point of view today, …

The U.S. Senate on Thursday took a step to pass a $480 billion increase in Treasury Department borrowing authority, a move that would turn aside a catastrophic debt default later this month but setting the scene for another potential showdown in December.That vote, expected Saturday, could come sooner if all …

The Canadian dollar made positive attempts during the previous trading session, approaching the retest target at 1.2660, to post a high of 1.2648. Technically, the pair’s trading returned to stability below the psychological support level of 1.2600, with the continuation of the negative pressure coming from the 50-day moving average. …

The Canadian dollar provided negative trading yesterday after it failed during the previous session to maintain trading above the strong support at 1.2600, to record the pair’s lowest level at 1.2545. Technically, we notice the return of the intraday stability above the psychological support 1.2. Furthermore, by looking at the …

Negative trading dominated the Canadian dollar’s movements during the previous trading session after it succeeded in stabilizing temporarily below the 1.2600 support level. From the technical analysis, the current moves are witnessing attempts to rise. However, the price is back to stability above the 1.2600 support level, accompanied by attempts …

Canada’s building permits fell by 2.1% in August, driven by a significant drop in residential construction intentions in Ontario and British Columbia.The total value of building permits in August declined 2.1% on a month over month basis to a seasonally adjusted 9.66 billion Canadian dollars, or the equivalent of $7.64. …

The Canadian dollar faced intense negative pressure at the end of last week’s trading. It started the first weekly trading with a bearish tendency; after it failed to settle above the 1.2665 level, it started the first weekly trading with a bearish tendency. Technically, we notice a contradiction between the …

The Canadian dollar found solid support around the 1.2630 level, which forced it to trade positively again within a bullish bounce that aimed to retest 1.2720. Technically, today, the current moves see the price stability above the 1.2660 support level at the 61.80% Fibonacci level. We also notice the positive …

The Canadian dollar returned to the strong resistance located at 1.2670, which forced it to trade negatively again, heading to touch the first target of 1.2600, to record its lowest level at 1.2600 during the early trading of the current session. Technically, with the clear negativity on the stochastic indicator, …

USD/JPY trades above the 111.00 level as the trading week started in slow motion, with the U. S. dollar edging diffidently lower against high-yielding rivals, but up roaring vs the JPY. The Japanese currency was hit by higher US Treasury yields on the 10-year note’s surge to 1.51%, its highest …