Tag Archives: CAD

The Canadian dollar achieved noticeable gains during the previous session’s trading, heading towards the awaited bullish correction tendency at 1.2410, to extend its gains, touching a high at 1.2530. Technically, and with the pair’s success in confirming the breach of 1.2410, the 61.80% Fibonacci retracement, which has now turned into …

The Canadian dollar intraday movements witnessed a modest bearish bias after several consecutive sessions of ascending within the bullish correction, which touched 1.2410. Technically, the current trading is stable intraday below the resistance level of 1.2330/1.2340, 50.0% Fibonacci level, with the simple moving averages pressuring the price from above. Therefore, …

Hiring plans among Canadian businesses surged to an all-time high, according to the most recent Bank of Canada (BoC) Business Outlook Survey. The majority of businesses have plans for hiring in the coming 12 months, due to expectations for demand recovery and faster sales growth as lockdown measures are eased. …

The U.S. Dollar (USD) dropped against its Canadian counterpart (CAD), sliding into the negative territory with the beginning of the American session, after moving earlier in a relatively tight range around its highest level in about two weeks near 1.24. The greenback has declined across the board following the release …

Positive trading dominated the movements of the Canadian dollar within the completion of the bullish corrective slope that we mentioned in all reports of the week, touching the required target 1.2410, recording its highest level during the previous trading session at 1.2445. Technically, with the pair’s success in confirming the …

The technical outlook is the same, and the pair’s movements did not change significantly, maintaining the bullish corrective slope as we expected, so that the Canadian could breach the resistance level published during the previous analysis, located at 1.2330. From the angle of technical analysis today, and with careful consideration …

The Canadian dollar was able to breach the resistance level published during the previous analysis, located at the price of 1.2330, which you mentioned that its breach is a catalyst that enhances the chances of rising to complete the bullish correction with the aim of 1.2410, recording its highest level …

We maintain the same technical conditions for the Canadian dollar as the movements did not change much within attempts to rise within the expected bullish corrective slope. Technically speaking, the Canadian starts attacking the previously broken support-into-resistance level at 1.2330, 50.0% Fibonacci correction. Coming from the 50-day moving average. Therefore, …

The U.S. Dollar (USD) rose against its Canadian counterpart (CAD) on Monday, with the latter falling on the decline in crude oil prices. The USD/CAD pair is trading higher for the day by about 0.37% at 1.2337. The pair has been moving in a mostly rising trend today, in a …

The Canadian dollar maintains its bullish corrective bias attempts, built on a support floor near the 1.2240/1.2230 level. Technically, the Canadian starts attacking the previously broken support level, which is now turned to the 1.2330 resistance level, 50.0% Fibonacci correction. Coming from the 50-day moving average. Therefore, the pair’s success …