The technical outlook is as it is, without change, and the pair’s movements did not change significantly, maintaining its bullish path after establishing a good support base of around 1.3400. From the point of view of technical analysis today, the 50-day simple moving average still carries the price from below, …
Read More »CAD is trying to build support 11/8/2023
The Canadian dollar found a good support ground around 1.3355, which succeeded in limiting the bearish bias, to start the pair’s daily trading on a bullish path, stabilizing above the mentioned level. Technically, the 50-day simple moving average still holds the price from below, and it meets near 1.3350, which …
Read More »CAD retest support 10/8/2023
After several successive sessions of achieving gains, the Canadian dollar found a strong resistance level near 1.3450, which formed a strong resistance that put the pair under temporary negative pressure. Technically, the 50-day simple moving average still holds the price from below, and it meets near 1.3350, representing a good …
Read More »CAD continues to achieve bullish goals 9/8/2023
As we expected, the Canadian dollar jumped to achieve significant gains yesterday, within the positive technical outlook, touching the official target at 1.3480, recording the highest at 1.3502. From the point of view of technical analysis today, we find that the pair succeeded in establishing a good support base around …
Read More »CAD continues to be positive 8/8/2023
The Canadian dollar was able to achieve the bullish scenario, as we expected, within a gradual rise to the upside, in which we relied on trading remaining above the 1.3300 support, a few pips away from the first target of 1.3410, recording the highest 1.3400 during the early trading of …
Read More »CAD maintains a gradual climb 7/8/2023
Positive trading dominated the movements of the Canadian dollar during the previous trading session to end its weekly dealings above 1.3350, and the current movements of the pair are witnessing stability around 1.3377. Technically, we tend to be positive in our trading depending on the positive impulse from the 50-day …
Read More »CAD maintains the bearish slope 19/7/2023
Trading tended to be negative, dominating the Canadian dollar’s movements, approaching by a few points the first target to be touched yesterday at 1.3150, to suffice for recording its lowest level at 1.3160. Technically, the technical outlook is as it is, without change, and with a closer look at the …
Read More »CAD is stable below resistance 18/7/2023
Negative movements regained control over the Canadian dollar after it failed to stabilize over the psychological barrier of 1.3200, to start its weekly movements with a bearish bias. Technically, and with a closer look at the 240-minute chart, we find that the pair is stable below the support level of …
Read More »CAD continues to drop 14/7/2023
Significant negative trades dominated the movements of the Canadian dollar within the expected technical outlook during the previous technical report, touching the first target at 1.3090, recording its lowest level at 1.3092. Technically, and with a closer look at the 240-minute chart, we find that the pair is stable below …
Read More »CAD stable below support 13/7/2023
Significant negative trades dominated the movements of the Canadian dollar within the expected technical outlook during the previous technical report, touching the official target station 1.3140, recording its lowest level at 1.3142. Technically, and with a closer look at the 240-minute chart, we find that the pair is stable below …
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