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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The Canadian dollar is witnessing positive movements during the previous session, after it succeeded in breaching the 1.3260 resistance level. Technically speaking, the current moves are stabilizing above the psychological barrier of 1.3300 and the SMA 50 is holding the price with signs of a positive crossover from the stochastic …
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The Canadian dollar managed to achieve the negative outlook that we mentioned in the previous analysis, touching the first target during the previous session at 1.3355, recording its lowest price at 1.3242. Technically, and looking at the 4-hour chart, we find that the 50-day moving average is forming pressure on …
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