Tag Archives: CAD

We committed to intraday neutrality during the previous analysis due to the conflicting technical signals to witness the Canadian dollar’s trading a sideways context trapped from below above the support level of 1.2470 and from above below the resistance level at 1.2555. Technically, by looking at the 60-minute chart, we …

The Canadian dollar was able to achieve the target of retesting the resistance published during the previous analysis at 1.2660, to hit its highest level at 1.2655. Technically speaking, we find the pair declined significantly after touching the pivotal resistance represented by our previous goal of re-testing the 1.2460 support …

Positive trading dominated the Canadian dollar’s ​​movements yesterday within the expected bullish path, in which we depended on the breach of 1.2550, indicating that this is a catalyst that strengthens the bullish chances of touching the first target of 1.2610, recording a high of 1.2623. Technically, and with a closer …

We committed to intraday neutrality during the previous analysis due to the contradictory technical signals, and the Canadian dollar is still building on the support floor of 1.2470. Technically speaking, we tend to be positive, depending on the attempts of Stochastic to obtain additional momentum, in addition to the intraday …

The Canadian dollar is trying to build a base on the support floor of the psychological barrier of 1.2500 within a temporary bullish bias after it found a solid support floor around 1.2470. Technically speaking, and with a closer look at the chart at a 60-minute chart, we find the …

The negative moves have returned to control the Canadian dollar’s ​​movements, as we expected, explaining that a break of 1.2500 leads the pair to a downside path. Its initial target is around 1.2455, to settle for recording its lowest price during the previous trading session at 1.2476. Technically speaking, the …

Negative trading dominated the Canadian dollar against its US counterpart, as part of the technique of retesting the support, as we expected, touching the required target of 1.2500. Technically speaking, trading remains below the previously breached support level of 1.2560, supporting the negativity. This comes in conjunction with the negative …

The Canadian dollar succeeded in touching the first target required to be achieved during the previous analysis, located at 1.3600, recording its highest level during the previous trading session at 1.2630. Technically speaking, the pair hit a strong resistance level at 1.2630, retreating significantly to retest 1.2530. With a closer …

The technical outlook remains unchanged, and the pair’s movements have not changed significantly, maintaining the upward correctional trend. Technically, and with a closer look at the chart at a 240-minute, we find that the RSI continues to defend the bullish corrective tendency, in addition to the positive crossover signals that …

The support levels published during the previous analysis, located at 1.2500, were able to limit the bearish tendency that the Canadian dollar witnessed, to start the bullish rebound once again, stabilizing above 1.2550. Technically speaking, and with a closer look at the chart at a 240-minute chart, we find that …