Tag Archives: CAD

The Canadian dollar succeeded in maintaining its gains within the bullish corrective slope mentioned yesterday, touching the first target for the bullish correction at 1.2480, recording the highest price at 1.3477. Technically, the current movements are witnessing stability for the pair above 1.2400, supported by the positive stimulus of the …

USD/CAD is currently trading at highs of the day slightly tend to uptrend to 1.2450 per barrel mark, sharply up from Asia Pacific session lows around the 1.2400 level, the pair is trading as a function of oil prices more than anything else. Crude oil prices have reversed sharply from …

The Canadian dollar continued moving within the bullish correction path we mentioned in the previous analysis, touching the first correction target at 1.2455, recording the highest level at 1.2457. Today’s technical aspect indicates the possibility of continuing the rise, relying on the positive motive of the 50-day moving average that …

USD/CAD surges during the New York trading session, up 0.06%, trading at 1.2424 as portrayed by European and US equity indices fluctuating between gainers and losers, the market sentiment is subdued ahead of the Federal Reserve’s November meeting.Retreating crude oil prices, with WTI falling by almost 3.5%, impacted the oil-linked …

The technical outlook is unchanged, and the pair’s movements did not change significantly, maintaining the bullish corrective context referred to during the previous analysis after it succeeded in building on the support floor of 1.2300, recording the highest price at 1.2414. Technically, we notice the return of the 50-day moving …

The Canadian dollar maintained its limited gains that were achieved at the end of last week’s trading, after it succeeded in establishing a good support floor around the 1.2300 level, and is still hovering around its highest level during today’s early trading session 1.2390. Technically, we notice the return of …

The Canadian dollar benefited from the 1.2330 support level, which formed a good floor that helped the pair rebound to the upside to retest the 1.2410 resistance level within a positive slope that is still limited. Technically, we notice the return of the 50-day moving average still holding the price, …

Mixed trading dominates the movements of the Canadian dollar within a bearish path to witness the current intraday stability below the support level 1.2370/1.2365. Technically, trading is stable below 1.2370, the 23.60% Fibonacci correction that supports a bearish bias in the coming hours, in addition to the RSI losing the …

USD/CAD fell for the first time in the week, down by 0.25%, trading at 1.2358 during the New York TRADING session. As the BoC decided to keep interest rates unchanged, investors’ expectation towards the QE was a reduction in its weekly purchases from CAD 2 billion to CAD 1 billion. …

Short term U.S. Treasury yields leapt higher Wednesday after the Bank of Canada shut down its QE program and signaled for an early 2022 interest rate hike only some days before November’s awaited Fed policy meeting.Treasury yields jumped higher Wednesday, pushing major stock indices into the red zone, after the …