Positive trading continues to control the movements of the Canadian dollar within the expected upward path during the previous technical report, maintaining positive stability above the strong support floor 1.3450. Technically, we are leaning towards positivity in our trading, relying on the pair’s success in crossing upwards and rising above …
Read More »CAD maintains positive stability 26/9/2023
The technical outlook remains unchanged, and the pair’s movements have not significantly changed, maintaining the positive stability that began yesterday’s session, stable above 1.3440. Technically, we are leaning towards positivity in our trading, but with caution, provided that we witness a clear breach of the pivotal resistance level at the …
Read More »CAD trying positively 25/9/2023
Positive trading returned to dominate the movements of the Canadian dollar during the previous trading session after it succeeded in basing itself on the strong support floor at 1.3420. Technically, we are leaning towards positivity in our trading, but with caution, provided that we witness a clear breach of the …
Read More »CAD may witness a decline 22/9/2023
The Canadian dollar achieved the upward targets required to be touched during the previous technical report at 1.3510 and then 1.3530, recording its highest level of 1.3524. Technically, we are leaning toward negativity in our trading, relying on the pair’s failure to maintain its positive stability above the psychological barrier …
Read More »CAD needs more determination to continue rising 21/9/2023
Positive movements have regained control of the Canadian dollar, as we expected an upward rebound during the previous trading session, approaching by a few points to the first official target of 1.3510, only to post its highest level of 1.3501. Technically, we are leaning towards positivity in our trading, but …
Read More »CAD trying to recover 20/9/2023
The Canadian dollar succeeded in achieving the bearish targets required to be achieved during the previous technical report at 1.3400, and approaching the official target around 1.3365, recording its lowest level at 1.3380. Technically, we are leaning towards positivity in our trading, but with caution, relying on the positive crossover …
Read More »CAD continues to suffer losses 19/9/2023
The downward trend continues to control the movements of the Canadian dollar after it failed to maintain stability above the support level of 1.3500, witnessing the intraday movements stabilizing around its lowest level during early trading of the current session, 1.3475. Technically, we are leaning towards negativity, relying on the …
Read More »CAD approaching strong support 14/9/2023
The downward trend continues to control the movements of the Canadian dollar within the expected downward trend, reaching the first downward target to be achieved at 1.3550, recording its lowest level at 1.3521. Technically, we are leaning towards negativity, relying on the negative crossover of the simple moving averages that …
Read More »CAD maintains negative stability 13/9/2023
The Canadian dollar fell within the expected downward path, touching the first target required to be achieved during the previous technical report at 1.5350, recording its lowest level at 1.3543. Technically, we are leaning towards negativity, relying on the negative intersection of the simple moving averages that continue to pressure …
Read More »CAD: negative pressure remains 12/9/2023
Negative trading dominated the movements of the Canadian dollar during the previous trading session after it failed to maintain positive stability above 1.3600. Technically, we are leaning toward negativity, relying on the negative intersection of the simple moving averages that began to pressure the price from above and the negativity …
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