Negative trading dominated the movements of the Canadian dollar within the retest technique, as we explained during the previous technical report, touching the first target required to be retested at the price of 1.3530, recording its lowest level at 1.3513. The technical outlook remains unchanged, and the pair’s movements have …
Read More »CAD tends to be negative 30/8/2023
The Canadian dollar achieved the idea of retesting the support published during the previous technical report, touching the target of retesting the support level of 1.3560, recording its lowest level at 1.3550. Technically, we tend towards negativity in our trading, relying on trading stability below the resistance level of 1.3600, …
Read More »CAD retest support 29/8/2023
Positive trading dominated the Canadian dollar’s movements, and it is still stable below the resistance of the psychological barrier of 1.3600, unable to consolidate above it until now. Technically, today, 1.3600 level started to form a strong resistance that pressures the pair, accompanied by the clear negative signs on stochastic …
Read More »CAD maintains the bullish path 28/8/2023
The Canadian dollar achieved the first official target that should be touched during the previous technical report at 1.3640, recording its highest level at 1.3640. Technically, by looking at the 4-hour chart, we find that the pair is still stable above 1.3560, and in general, above 1.3500, the support represented …
Read More »CAD continues to achieve bullish goals 25/8/2023
The technical outlook remains unchanged, as the Canadian dollar maintains the expected bullish path during the previous report, touching our first target of 1.3575, recording its highest level at 1.3600. Technically, by looking at the 4-hour chart, we find that the pair is still stable above 1.3540, and in general, …
Read More »CAD still holding above support 24/8/2023
The Canadian dollar achieved the first official target required during the previous report, at 1.3600, recording its highest level at 1.3605. Technically, the pair’s movements witnessed a rapid bearish tendency as a result of the collision with the resistance of the psychological barrier 1.3600, which forced the pair to retest …
Read More »CAD maintains a gradual climb 23/8/2023
Quiet positive trades continue to dominate the Canadian dollar’s movements within a gradual rise towards the required target of 1.3575, recording its highest level at 1.3565. Technically, the 50-day simple moving average is still holding the price from below, in addition to the positive signs coming from the RSI, which …
Read More »CAD is trying to maintain the bullish bias 22/8/2023
The technical outlook remains unchanged as the pair continues to gradually maintain its bullish path, maintaining its positive stability above the support level of 1.3500. Technically, the 50-day simple moving average still holds the price from below, in addition to the positive signs coming from the RSI, which is stable …
Read More »CAD maintains positive stability 21/8/2023
The technical outlook remains unchanged as the pair continues to gradually maintain its bullish path, maintaining its positive stability above the support level of 1.3500. From the point of view of technical analysis today, the 50-day simple moving average is still holding the price from below, in addition to the …
Read More »CAD testing support 18/8/2023
Limited negative trades dominated the movements of the Canadian dollar during the previous trading session to find the support level of the psychological barrier that managed to limit the bearish tendency so that the pair maintained the positive path. From the point of view of technical analysis today, the 50-day …
Read More »