The Canadian dollar jumped during the previous trading session to return to the bullish track again after it confirmed the breach of the resistance level of 1.3120, recording the highest level at 1.3181. Technically, and with a careful look at the 4-hour chart, we find the simple moving average has …
Read More »CAD continues its decline 13/9/2022
The technical outlook remains unchanged, to find the Canadian dollar maintaining negative stability, as we expected, touching our first target to be achieved at 1.2975, recording its lowest level at 1.2963. Technically, and carefully considering the chart, the pair confirmed the breach of 1.3060, and the current moves are witnessing …
Read More »CAD continues its gradual decline 12/9/2022
The Canadian dollar was able to achieve the expected bearish minor correction during the last trading sessions of the week ending last Friday, touching the required target at 1.2980 and recording its lowest level at 1.2980. Technically, and carefully considering the chart, the pair confirmed the breach of 1.3060, and …
Read More »CAD achieves the goal and confirms breaking the support 9/9/2022
The British pound managed to rise published during the previous analysis, surpassing the official target required to be touched yesterday at the price of 1.1560. It is now hovering around its highest level during today’s morning trading session at 1.1595. Technically, we tend in our trading to the positive, depending …
Read More »CAD may witness a temporary decline 8/9/2022
Mixed trading dominated the movements of the Canadian dollar, affected by the decision of the Bank of Canada regarding interest rates. The pair failed to breach the 1.3200 resistance, which forced it to form a bearish slope to retest the 1.3120 support level. Technically, and by looking at the 4-hour …
Read More »CAD touches the target; all eyes on BoC 7/9/2022
The Canadian dollar maintained stability within the expected positive technical outlook, touching the official target required to be achieved at 1.3205, recording its highest level at 1.3200. Technically, we find the pair succeeded in forming a good support floor around 1.3120, trying intraday stability above the 1.3170 resistance level. Looking …
Read More »CAD tries to maintain positive stability 6/9/2022
Positive movements dominated the Canadian dollar during the previous trading session, recording its highest level yesterday around the strong resistance level located at 1.3170, which succeeded in limiting the bullish bias. Technically, and by looking at the 4-hour chart, we find the 50-day simple moving average that is still trying …
Read More »CAD achieves the goal, may witness a re-test of support 2/9/2022
Positive trading continued to dominate the movements of the Canadian dollar during the previous trading session, touching the bullish target required to be touched at 1.3210, recording its highest at 1.3210. Technically, the current movements are witnessing a bearish tendency after the pair failed to maintain stability for a long …
Read More »CAD Continues to achieve the emerging goals 1/9/2022
A bullish trend dominates the movements of the Canadian dollar within the expected positive outlook this week after the pair established a solid support floor of around 1.2860, achieving the required target yesterday at 1.3130 and heading to touch the second target of 1.3185. Technically, the pair started its daily …
Read More »CAD making strong gains positivity remains 31/8/2022
The Canadian dollar achieved all the required bullish targets during the previous analysis, heading towards touching the official price station at 1.3110 and recording its highest level at 1.3108. Technically, the pair’s movements are witnessing stability above the psychological support level of 1.3000, accompanied by the positive motive of the …
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