Tag Archives: CAD

The Canadian Dollar (CAD) rose against its U.S. counterpart on Friday, supported by the U.S. Dollar’s (USD) decline across the board. The USD/CAD pair declined by 0.20% to reach 1.2299. In the early trading hours of the trading session, around 10:30 AM Eastern Time, the pair was trading at 1.2272, …

Positive attempts dominated the Canadian dollar’s movements during yesterday’s trading session, within the bullish context, as we expected, recording its highest level at 1.2340. Technically, the Canadian starts with a slight bullish bias, trying to retest the previously broken support, which is now turned to the 1.2330 resistance level, 50.0% …

Negative trades dominated the movements of the Canadian dollar, and to remind you, we previously mentioned that trading below 1.2300 increases the possibility of retesting the 1.2260 support level before rising again to make the pair succeed in touching the published target, recording the lowest 1.2250. Technically, the Canadian starts …

Negative trading re-dominated the movements of the Canadian dollar during the previous trading session, negates the positive outlook, as we expected, in which we relied on trading stability above 1.2330, to record its lowest level at 1.2301. Technically, and with a closer look at the 4-hour chart, we find that …

The Canadian dollar traded with the first trading of this week within a slight bearish slope, after several consecutive sessions of corrective ascent. From the point of view of technical analysis today, and with careful consideration of the stochastic indicator, we find that the indicator is clearly trading around oversold …

A noticeable bullish push for the Canadian dollar achieved strong gains within the bullish corrective slope, as we expected during the previous analysis, touching the required official target of 1.2465, recording the highest price at 1.3481. Technically, the bullish trend is still a valid scenario, with the pair’s success in …

The Canadian dollar succeeded in completing the bullish correction journey, as we expected during all the reports this week, to reach its highest level at 1.2380. Technically, we find the pair succeeded in establishing a good support floor around 1.2300, accompanied by the positive motive for the 50-day moving average, …

Positive trading dominated the movements of the Canadian dollar to complete the bullish corrective slope, as we expected, touching the first official target for the bullish correction 1.2195, recording its highest level at 1.2204. Technically, the stability of the intraday trading above the previously breached resistance 1.2140 supports the continuation …

The technical outlook is unchanged, and the pair’s movements did not change significantly, maintaining the bullish corrective slope within the expected bullish context. Technically, by looking at charts, we find the pair succeeded in building support at 1.2100/1.2090, accompanied by positive signs from the RSI gaining more bullish momentum. Therefore, …

Positive trading dominated the movements of the Canadian dollar during the previous trading session, touching the target of the bullish corrective slope published during the previous analysis at 1.2170, to record its highest level at 1.2177. Technically, and with careful consideration of the chart, we find that the pair succeeded …