Tag Archives: CAD

Despite the bearish bias that dominated the Canadian dollar’s movements during the previous trading session, we believe it is still limited. Technically, the pair maintains stability above the pivotal support floor of 1.2500, accompanied by the pair continuing to receive positive signals from the RSI that is trying to gain …

The technical outlook is unchanged and the pair’s movements did not change much, maintaining stability above the 1.2500 support level. Technically, we tend to be positive, relying on stability above the psychological support floor of 1.2500, accompanied by the RSI’s attempts to obtain bullish momentum, coinciding with the positive motive …

The Canadian dollar continues to attempt to rise after it succeeded in maintaining the trading level above 1.2500 for several consecutive hours. Technically, we tend to the positivity, but with caution, relying on stability above the 1.2500 psychological barrier support floor, accompanied by the RSI’s attempts to obtain bullish momentum. …

The Canadian Dollar (CAD) capitalized on the decline of the U.S. Dollar (USD) across the board and the surge in crude oil prices to rise to its highest level in about three weeks. The USD/CAD pair declined by about 0.64% and reached the level of 1.2448 by the end of …

The Canadian Dollar (CAD) is showing a mixed but mostly negative performance against the U.S. Dollar (USD) on Friday after data showed a better than expected slump in Canadian retail sales. In addition, with improving daily performance by oil futures, the Canadian is gaining relative support as a commodity currency …

The Canadian dollar was able to complete the bullish correction referred to during the previous analysis, touching the official target station required to be achieved at 1.2600, recording its highest level at 1.2613. Technically, by looking at the 240-minute chart, we find the simple moving averages continuing to hold the …

The Canadian dollar maintained its gains within the bullish corrective slope, as we expected, touching the first target mentioned in the previous analysis, which is located at 1.2550, recording the highest level at 1.2550. From the technical analysis point of view today, we tend to the positivity, relying on the …

Positive trading dominated the movements of the Canadian dollar as we expected, in which we depended on successfully retesting the 1.2410 support level, approaching a few points from the first target of 1.2550, recording a high of 1.2540. Technically, the bullish trend is still the most likely, relying on the …

During the last trading session, the Canadian dollar rose, touching the official target station in the previous analysis, located at 1.2520, to record its highest level at 1.2515. Technically, the current moves are witnessing a bearish slope due to the collision with the resistance level of the psychological barrier 1.2500. …

The movements of the Canadian dollar witnessed a bearish tendency during the trading session last Friday, after several consecutive sessions of rising to hit the 1.2500 resistance level. Technically, despite the bearish bias, we believe that it is still limited, as we find the price is still stable above the …