Tag Archives: CAD

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 …

The Canadian Dollar (CAD) rose against its US counterpart (USD) on Thursday to its highest level in eight weeks. This comes as the USD declined across the board amid the continued uncertainty surrounding the outcomes of the presidential elections. The CAD is up by 0.56% against the USD, with the …

The positivity dominated the Canadian dollar’s movements after it managed in building a strong base at 1.3240. Technically, we find that the 50-day moving average is holding the price, with the RSI above its mid-line on short intervals. We think that there is a possibility to continue the upside, and …

The Canadian dollar was trading in a positive range after it succeeded in confirming the breach of the 1.3330 resistance level, to consolidate its gains near the psychological barrier of 1.3400. Technically, we believe that the continuation of the rally is intact, given the positive stimulus from the 50-day moving …

The Canadian Dollar (CAD) declined on Thursday against its US counterpart (USD) to its lowest level in about a month. This comes as the USD is recovering across the board, while the CAD remains hit by the falling oil prices. The USD/CAD is trading higher for the day by 0.24% …

The pair succeeded in achieving the expected positive outlook, and touched the target published in the previous analysis at 1.3300, to hit a high of 1.3335. Technically, looking at the 60-minute chart, we see the RSI indicator starting to lose bullish momentum with the stochastic entering overbought areas. We think …

The support levels published in the previous analysis at 1.31 capped the bearish tendency, so that the pair managed in retesting the first target. Technically speaking, the current moves are witnessing a bullish slope with the positivity from Stochastic and the RSI indicator stable above the mid-line for short time …

Positive trading dominated the Canadian yesterday, targeting a re-test of 1.3220 resistance, posting a high of 1.3225. Technically, and looking at the chart, we see that there are some negative signs on the stochastic, in conjunction with the RSI indicator losing its bullish momentum over the short time periods. From …

The technical outlook remains unchanged, and the pair’s movements have not changed little in attempts to obtain a positive signal. Technically, and by looking at the 60-minute chart, we find the 50-day moving average is trying to push the price to the upside in conjunction with the RSI gaining an …