Tag Archives: CAD

As we expected, the Canadian dollar consolidated its gains within a strong bullish trend, touching all the targets, reaching the required official station 1.3830, recording its highest level at 1.2865. Technically, we tend in our trading to the positive, relying on the positive stimulus coming from the 50-day moving average, …

The Canadian dollar provided positive trading, maintaining the positive stability, as we mentioned during the previous analysis, touching the official target of 1.2620, recording its highest level at 1.2650. Technically, the pair succeeded in establishing a good support floor around 1.2570, as we note that the 50-day moving average is …

The Canadian dollar managed to maintain positive stability above the pivotal support level published during the previous analysis, located at the price of 1.2500, heading towards touching the first target of 1.2590, recording the highest price of 1.2598 during the early trading of the current session. Technically, the bullish trend …

The Canadian dollar did not show any movement during the previous trading session and continues to maintain trading above the 1.2500 support level. Technically, the pair maintains stability above the pivotal support floor 1.2500, 38.20% Fibonacci correction, accompanied by stochastic attempts to gain additional momentum. Therefore, we will keep our …

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 …