The pair saw some positive attempts during previous trading, but is still limited. Technically, looking at the 60-minute chart, we find the beginning of the positive signs for the pair with the RSI indicator trying to obtain bullish momentum supported by the intraday stability above 1.3160. We tend to be …
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We stood neutral in the previous analysis due to the contradictory technical signals. The pair started the first weekly trading with a bearish bias. From a technical point of view, looking at the 4-hour chart, we find a bearish technical structure that supports the continuation of the decline, with the …
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The pair rallied significantly yesterday, after several successive sessions of moving within a weak sideways. To be reminded, we indicated during the previous analysis that the confirmation of the breach of the resistance level of 1.3175 is capable of releasing the pair from the sideways range and pushing the price …
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The technical outlook remains unchanged for the Canadian dollar and there has been little change in the pair to maintain the negativity for the third session in a row. Technically, we see the pair stable around the support level of 1.3120, as we find the simple moving averages continuing negative …
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The technical outlook remains unchanged and pair remains little changed in negative territory. Technically, we find that the pair is stable around the support level of 1.3120, with the simple moving averages continuing their negative pressure on prices, in addition to some features of a bearish technical pattern on the …
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The technical outlook remains unchanged, with little change in the pair’s movements, maintaining negative bias. Technically, we find that the pair is stable around the support level of 1.3120, with the simple moving averages continuing the negative pressure on prices with features of a bearish technical pattern on the 4-hour …
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The pair continues to be negative for the third session in a row, after failing to stay above the psychological barrier of 1.3200. Technically, we see that the pair is stable around the support level of 1.3120, as we find the simple moving averages continue their negative pressure on prices …
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The Canadian dollar continues to crawl negatively to the downside within the expected bearish path, touching the first target required at 1.3190, to record its lowest level during early trading in the Asian session at 1.3180? Technically, the pair needs to confirm the breach of the support-turned-resistance 1.3240, in addition …
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The Canadian Dollar (CAD) rose to its highest level against the US Dollar (USD) in more than two weeks, supported by a surge in oil prices. Recent remarks by the Bank of Canada (BoC) Governor Tiff Macklem suggested that negative interest rates remain an option. The CAD is up by …
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Negative trading is dominating the Canadian dollar after it failed to stabilize above the psychological barrier resistance of 1.3300, to gradually start drifting to the downside. Technically, we find that the SMA 50 continues negative pressure on the price, and this coincides with the stability of the RSI indicator below …
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