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 …
Read More »CAD maintains bullish path 30/8/2022
Positive trades witnessed the movements of the Canadian dollar, maintaining positive stability, benefiting from a base on the solid support floor located at 1.2950. Technically and carefully considering the 4-hour chart, we find the pair confirmed the breach of the 1.12960 resistance level, which has now turned into the 61.80% …
Read More »CAD breaks through the resistance, the positivity remains 29/8/2022
As expected, the Canadian dollar achieved noticeable gains within the positive technical outlook, touching the awaited target at 1.3030, recording its highest level at the beginning of the first trading sessions this week at 1.3070. Technically, and with careful consideration on the 4-hour chart, we find the pair confirmed the …
Read More »CAD repeats the chances of rising 26/8/2022
The Canadian dollar provided mixed trading yesterday, approaching a few points from the target published during the previous analysis at 1.2880, recording its lowest price at 1.2895. Technically, we find that the pair returned to the bullish rebound, benefiting from the pivot on the solid support floor of 1.2880. We …
Read More »Canadian dollar breaks the ascending channel line 25/8/2022
The Canadian dollar hit the resistance level of the psychological barrier at 1.3000, explaining that it represents one of the most important directional keys for the current trading levels. However, the pair failed to breach it, forcing it to trade negatively and retest the 1.2930 support level. On the technical …
Read More »Canadian dollar retests support, looking for additional momentum 24/8/2022
The Canadian dollar was able to retest the support as we explained yesterday, touching the required retest target at 1.2950, recording yesterday’s low of 1.2930. Technically, the pair was able to build on the 1.2930 support floor accompanied by positive signs coming from the 14-day momentum indicator on the short …
Read More »Canadian dollar retests support 23/8/2022
The Canadian dollar touched the first mentioned ascending target during the previous session, at 1.3050, recording its highest level at 1.3060. Technically, the pair hit the strong resistance level represented by the target of 1.3050 to witness the current movements a bearish slope accompanied by the clear negative signs on …
Read More »CAD continues to its gradual rise 22/8/2022
The Canadian dollar succeeded in achieving noticeable increases during the last trading sessions of last week, within the expected positive outlook, touching our first target of 1.2960 and heading to visit the second target of 1.3000, recording the highest level at 1.3010. Technically, the pair established a support floor around …
Read More »CAD maintains positive stability 19/8/2022
Positive trading dominated the movements of the Canadian dollar after maintaining positive stability above the strong support floor at 1.2870, touching the required profit-taking order at the target of 1.2960, recording the highest level at 1.2967. Technically, we tend in our trading to the positive, relying on the stability of …
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