Tag Archives: canadian

The Canadian dollar successfully reached the anticipated bearish targets during Monday’s trading session, hitting a low of 1.4265 after achieving the 1.4270 target. From a technical standpoint, the 4-hour chart indicates that the pair found solid support around 1.4260, prompting a minor bullish rebound. The stochastic indicator has entered the …

The USD/CAD pair has been under bearish pressure after encountering strong resistance near 1.4485, leading to a downward bias. A close examination of the 4-hour chart reveals emerging negative signals on the Stochastic indicator, along with price stability below 1.4470, reinforcing the possibility of a bearish continuation. If the bearish …

The bullish trend has regained control of the Canadian dollar, halting the bearish corrective move noted in our previous report after establishing support near 1.4350. On the 4‑hour chart, the pair has moved above its simple moving averages, and the 14‑day momentum indicator is now showing positive signals. With these …

The Canadian dollar continues its gradual upward movement, following the expected bullish path from Negative pressure dominated the Canadian dollar’s movement during the previous session. The recent price action—marked by a low of 1.4240—suggests that a break below the support level of 1.4410 could trigger further downside, with a target …

The Canadian dollar continues its gradual upward movement, following the expected bullish path from the previous trading session, and recently reached a high of 1.4543. Technical Outlook Bullish Signals: On the 4-hour chart, the simple moving averages are providing strong upward support. Positive signals from the 14-day momentum indicator on …

The Canadian dollar met the previous report’s target at 1.4520, reaching 1.2828 at the time of writing. Technical Outlook Bullish Scenario: The simple moving averages continue to provide positive momentum, reinforcing the likelihood of further gains. Additionally, the 14-day momentum indicator on short-term timeframes supports the upward bias. A continuation …

The Canadian dollar surged against the U.S. dollar, posting notable gains after successfully rebounding from the support level at 1.4370, reaching a high of 1.4472. From a technical perspective, the 4-hour chart indicates that the simple moving averages continue to provide support from below, reinforcing the potential for further upside. …

The Canadian dollar retreated, moving away from its recent high of 1.4306, initiating a downward correction. Currently, the pair is stabilizing near its session low of 1.4166. Technical Analysis On the 4-hour chart, the simple moving averages (SMA) are exerting negative pressure on the price, reinforcing the possibility of continued …

The USD/CAD pair has successfully held above the crucial 1.3690 support level, indicating a potential shift towards a bullish bias. Technical Outlook On the 4-hour chart, the Stochastic oscillator is showing positive crossover signals, suggesting a potential increase in upward momentum. Additionally, the Relative Strength Index (RSI) is attempting to …

The USD/CAD pair is experiencing a downward trend, primarily due to the collision with the 1.3760 resistance level, which has capped recent gains and limited the upward momentum. Technical Outlook: Technical analysis suggests a prevailing bearish bias. This is supported by the negative crossover of the simple moving averages, which …