Tag Archives: canadian

The Canadian dollar achieved some modest positivity during the previous trading session, with a view of retesting the 1.3460 resistance level to settle for recording the highest at 1.3445. Technically, and by looking at the 4-hour chart, we notice the stability of the RSI around neutrality areas, in addition to …

Limited positive attempts for the Canadian dollar during the last trading session aimed at retesting the previously broken support level, which was turned into resistance at 1.3460. Technically, and by looking closely at the 4-hour chart, we find that positive crossover signs started to appear on the stochastic indicator, accompanied …

As we expected, a bearish trend dominated the Canadian dollar’s movements with a gradual decline to the downside, approaching the official target of 1.3320, posting its lowest level at 1.3355. Technically, the most favourable direction is still bearish, with the negative pressure of the simple moving averages, which continue to …

The Canadian dollar followed the negative outlook during the previous technical report, heading to touch the official bearish station on friday at 1.3420, recording its lowest level during the morning trading of today’s session at 1.3400. Technically, and by looking closely at the 4-hour chart, we find that the pair …

Negative trading dominated the movements of the Dow Jones industrial index on Wall Street, after it failed to maintain positive stability above 33,030, explaining that the infiltration below 33,030 puts the index under strong negative pressure to target 32,840, recording its lowest level at 32,806. Technically, the simple moving averages …

The Canadian dollar failed to surpass the pivotal resistance level published in the previous report at 1.3.680, explaining that it represents the key to protecting the bearish trend, which forced it to trade with noticeable negativity to break the support level of the psychological barrier of 1.3600, heading to visit …

Positive trades dominated the movements of the Canadian dollar during the previous trading session after it confirmed the breach of the resistance level of the psychological barrier 1.3600, explaining that this may motivate the pair to visit 1.3660 and then 1.3700, recording the highest 1.3685. Technically, the simple moving average …

The Canadian dollar declined significantly at the end of last week’s trading as part of a gradual decline towards the target achieved during the previous session, 1.3500, to record its lowest level at 1.3524. Technically, and by looking closely at the 4-hour chart, we find that the simple moving averages …

Negative trades continue to control the movements of the Canadian dollar due to the collision with the pivotal resistance level at 1.3680, which forced the pair to move negatively towards the last expected target at 1.3570, recording its lowest level at 1.3550. Technically, our trading tends to be negative, relying …

The Canadian dollar declined during the previous trading session after it broke the bullish channel’s support and is now hovering around its lowest level during the early trading of the current session, 1.3620. Technically, looking carefully at the 240-minute chart, we find negativity still dominating the stochastic indicator, stimulated by …