The Canadian dollar continues its bullish movements within the bearish context published during the previous analysis, touching our required official target at 1.2910 to record the highest level at 1.21975. Technically, the current movements of the pair are witnessing a limited bearish tendency as a result of reaching the overbought …
Read More »CAD extends gains 13/6/2022
Notable gains were achieved by the Canadian dollar within the expected bullish path during the previous report, touching the extended target required to be touched at 1.2810, recording its highest level during the early morning trading of today’s session at 1.2820. Technically, and by looking at the 4-hour chart, we …
Read More »CAD breaks through the resistance 10/6/2022
The Canadian dollar jumped, achieving strong gains during the previous trading session, within the idea of the expected bullish bias, bypassing the official target price station 1.2660, to record the highest level at 1.2710. Technically, and with the pair beginning to attack the resistance level of the psychological barrier, we …
Read More »CAD building on support and may witness an upward trend 9/6/2022
The movements of the Canadian dollar witnessed a positive trading session within the idea of a bullish bias, as we expected during the previous analysis, building on the 1.2500 support floor to achieve a bullish slope that targeted a retest of 1.2570. From the technical analysis point of view today, …
Read More »CAD trying to get positive signals 8/6/2022
The Canadian dollar achieved the idea of the bullish bias published during the technical analysis of yesterday’s session, touching the required retest target at 1.2620 and recording its highest level at 1.2620. Technically and with careful consideration on the 60-minute chart, the current movements are witnessing intraday stability above the …
Read More »CAD may see a limited upward trend 7/6/2022
Limited positive trading returned to dominate the Canadian dollar’s movements, benefiting from the 1.2540 support level, forcing the pair to rebound to the upside and witness the current movements of intraday stability above 1.2550. Technically, we find that the momentum indicator 14 could obtain positive signals on the short time …
Read More »CAD The Canadian needs to confirm the break 6/6/2022
Sideways trades that tend to the downside continue to dominate the movements of the Canadian dollar, to return to test the strong resistance level located at 1.2600, unable to breach it until now. From the angle of technical analysis today, and with careful consideration on the 4-hour chart, we find …
Read More »CAD gis trying to rise 2/6/2022
Tight sideways trading dominated the Canadian dollar’s movements yesterday, touching the strong support floor at 1.2600 and below the resistance level of 1.2690. Technically and carefully looking at the 60-minute chart, we find that the RSI is trying to gain more bullish momentum; this comes in conjunction with the positivity …
Read More »CAD gets positive signals 1/6/2022
The movements of the Canadian dollar witnessed a bearish tendency during the last trading session, heading to touch the first target that is required to be touched at 1.2635, to record its lowest level at 1.2630. Technically, we notice that the pair has benefited from the support level represented by …
Read More »CAD continues its gradual decline 31/5/2022
Negative trading continued to dominate the movements of the Canadian dollar within the expected negative outlook during the last analysis, in which we relied on confirming the pair’s breach of the 1.2770 support level, touching the first target that is required to be touched, 1.2665, recording its lowest level during …
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