Tag Archives: CAD

The Canadian dollar made positive attempts targeting a retest of the pivotal resistance 1.3120, but was unable to breach it yet. Technically, by looking at the 240-minute chart, we find that the stochastic has started to provide negative signals as a result of entering the overbought phase. Consequently, we will …

The Canadian dollar managed to achieve the negative outlook, as we expected, touching the first target to be achieved mentioned in the previous analysis, at 1.3075, posting a low of 1.3065. Technically, we tend to be negative, relying on the stability of trading below 1.3120 in addition to the clear …

The Canadian dollar is witnessing a slight bearish bias, which is normal after several consecutive sessions of rally, in addition to facing resistance 1.3175 / 1.3170. Technically, we tend to be negative, given the consolidation of trading below the aforementioned level, in addition to some negativity that began to appear …

The Canadian dollar was able to achieve the second target to be touched at 1.3130, to hit a high of 1.3170 during early trading for the session. Technically, the pair was able to surpass 1.3065 resistance and consolidate above, which turned into a support level, in addition to the positive …

Positive trading returned to dominate the Canadian dollar after several consecutive sessions of a strong decline within positive attempts to breach the resistance level at 1.3065. Technically, the simple moving averages started holding the price from the bottom, accompanied by the RSI gaining bullish momentum over the short term. Thus, …

The technical outlook remains unchanged, and the pair’s movements have not changed little to keep the bearish path after finding a strong resistance level near 1.3065 / 1.3070. Technically Speaking, and with a closer look at the 60-minute chart, we find there are limited positive attempts from the RSI, and …

The Canadian Dollar (CAD) declined against the US Dollar (USD) on Tuesday, after rising on Monday to its highest level in about two years, before recovering some of its earlier losses. The USD/CAD pair is trading lower for by 0.02% at 1.3004. The pair has been moving in a range …

The negative moves dominated the currency pair, as we expected yesterday, to touch the second target to be achieved at 1.2945, posting a low of 1.2928. Technically, looking at the 60-minute chart, we find limited positive attempts from the RSI, on the other hand, we find the stochastic is still …

The Canadian dollar retreated after it failed to maintain above the support level of 1.3080, as the current moves witness a bearish bias around the 1.3000 barrier. Technically, looking at the chart, we will tend to be negative depending on the regularity of the movement within the descending price channel …

The Canadian Dollar (CAD) reaffirmed its gains against the US Dollar (USD) on Friday, rising to its best level since the beginning of September. This comes despite employment data in Canada coming below expectations. The USD/CAD is trading lower for the day by 0.09% at 1.3033. The pair earlier reached …