Tag Archives: CAD

The Bank of Canada is expected to keep the major part of focused spotlight on inflation at its policy decision, as the country’s central bank is about to encounter an aggressive campaign in favour of interest rate hikes. Policy makers led by Governor Tiff Macklem are unlikely to raise their …

The Canadian dollar found a strong resistance level of around 1.2840, which forced it to trade negatively again, and hovers around retesting the strong support level at 1.2730. Technically, and carefully considering the 4-hour chart, we find the pair hovers around 1.2730, represented by the 23.60% Fibonacci correction, and the …

The Canadian dollar maintained its gains within the expected positive outlook during the last analysis, touching the target to be achieved last Friday at 1.2850, recording its highest level at 1.2854. Technically, still witnessing intraday stability above the psychological barrier of 1.2800, accompanied by positive stimulus from the 50-day moving …

Next week, on Wednesday, the Bank of Canada (BoC) will have its monetary policy meeting. Analysts tend to expect a relatively quiet meeting. They consider the BoC will maintain the view that the outlook is evolving as expected and that inflation is transitory. BoC meeting would be with limited scope …

The technical outlook is unchanged, and the pair’s movements did not change significantly, maintaining the expected bullish path after building a good support floor around 1.2760 and, most importantly, 1.2730. Technically, the bullish trend is still valid, depending on the stability of daily trading above the strong support level at …

The Canadian dollar strengthened slightly against its US counterpart on Thursday but held near its lowest level in over two months, as investors assessed the global economic impact of the Omicron coronavirus variant and looked ahead to domestic data.The Canadian dollar was trading 0.1% higher at 1.2807 to the USD, …

The Canadian dollar was able to touch the support level as we expected during the previous analysis, around the 1.2710 support level, to return to the bullish rebound stable intraday above the psychological barrier of 1.2800. From the technical analysis point of view today, the bullish trend is still valid …

The Canadian dollar’s movements witnessed a positive trading session within the expected bullish context, touching the official station required for the current ascending wave 1.2840. Technically, the current moves are witnessing a bearish tendency as a result of hitting 1.2840, in addition to the stochastic entering the overbought areas intraday. …

The Canadian dollar started today’s trading session with an upward bias within the expected positive technical outlook, maintaining the intraday stability above the breached resistance level of 1.2730. Technically, the bullish scenario is still valid and effective, based on the positive motive of the 50-day moving average, which meets around …

The Bank of Canada’s last announcement on its benchmark policy rate has started out a wave of speculation about the possible future trajectory of Canada’s housing market, with the news that it expected rate hike potentially as early as April 2022.There will be an end to the record-low interest rates …