The Canadian dollar declined significantly, heading to visit our first target for the current downturn, which was published in all technical reports for the current week at a price of 1.2700, recording a low at 1.2705. On the technical side, and by looking at the 60-minute chart, we find the …
Read More »Canadian Dollar Trying to Get Rid of Negativity
Limited positive attempts for the Canadian dollar are close to the goal of re-testing the resistance at 1.2850, to record its highest level during the previous session at 1.2835. Technically speaking, we find the pair trying to build a support floor around 1.2765, as we find the stochastic indicator trying …
Read More »Canadian Dollar May Witness Positive Moves
The Canadian dollar started its daily trading at a high, but still a limited rise, after attempts to build on the support floor of 1.2765 represented by the first target of the previous report. technically speaking and with a closer look at the 60-minute chart, we find the 50-day moving …
Read More »Canadian Dollar Continues to be Negative
The Canadian dollar continues to decline within the expected direction, continuing its gradual decline to the downside, approaching the first leg at 1.2700. on the technical side, and with the regularity of movements inside the bearish price channel on the 4-hour time frame, in addition to the continuation of the …
Read More »Canadian Dollar Continues to be Negative
The Canadian dollar retreated significantly during last week’s trading, touching the target levels for the current bearish wave at 1.2785, recording its lowest level at 1.2772. On the technical side, Stochastic is trading near oversold areas, and on the other hand, we find the RSI and the simple moving averages …
Read More »Canadian Dollar Breaks Support
Negative trading continues to control the Canadian dollar’s movements, after several consecutive sessions in which we await confirmation of a break of 1.2920, showing that this leads the pair to resume the downside path with targets of 1.2870, then 1.2830, to record its lowest level at 1.2847. Technically, and with …
Read More »Canadian Dollar Struggles at Support And a breach Will Extend Losses
The technical outlook is unchanged, and the Canadian dollar has not changed significantly for the third consecutive session, maintaining negative stability. Technically speaking, the technical factors indicate the possibility of continuing decline, to find the simple moving averages continue to make a negative pressure on the price accompanied by negative …
Read More »Canadian Dollar Struggles at Support
The technical outlook remains unchanged, and the Canadian dollar has not changed significantly, preserving negative stability. Technically, the technical factors indicate the possibility of continuing the decline, to find the simple moving averages continue negative pressure on the price from the top, accompanied by the obvious negative impact on the …
Read More »Canadian Dollar Touches Goals
The Canadian dollar remains on the negative side, as we expected, in which we relied on breaking the support level of 1.2985, heading directly towards the first target 1.2930, to record its lowest level during the previous session at 1.2923. Technically, the technical factors indicate the possibility of continuing the …
Read More »Canadian Dollar: Pressure on Support
The Canadian dollar continues to pressure the strong support level at 1.2990 within the continuation of the bearish path for the third consecutive session. Technically, with a closer look at the 4-hour interval chart, we notice the continuation of the negative pressure coming from the 50-day moving average, in addition …
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