The Canadian dollar achieved noticeable gains with the opening of the current trading sessions within the expected positive outlook, surpassing the second official target required to be touched during the previous technical report, 1.2980, recording its highest level at 1.3037 during the early trading of the current session. Technically, we …
Read More »CAD touches goals 9/5/2022
The Canadian dollar jumped within the expected ascending path, touching the official target in the report issued last Friday at 1.2900, recording its highest level of 1.2912. Technically, the pair continues to obtain positive stimulus from the simple moving averages that continue to hold the price from below, coinciding with …
Read More »CAD Building on support and returns to recovery 6/5/2022
The Canadian dollar’s movements witnessed a bullish bounce during the previous trading session, clarifying the importance of the pivotal support floor located at 1.2710, which forced the pair to rally to the upside to visit 1.2860. From the angle of technical analysis today, and with careful consideration of the 4-hour …
Read More »CAD is under selling pressure 5/5/2022
The Canadian dollar declined noticeably after several days of consecutive ascent after it succeeded in recording its highest levels around the psychological barrier of 1.2900. Technically, we find that the pair failed to stabilize for a long time above 1.2900 and failed to maintain the trading level above 1.2750. With …
Read More »CAD may test the support before continuing to rise 29/4/2022
After several consecutive days of ascending, the Canadian dollar touched the target price mentioned in the last analysis, at 1.2870, recording the highest price of 1.2880, which forced the pair to achieve some decline due to touching the resistance level of 1.2870. Technically, by looking at the 4-hour chart, we …
Read More »CAD Making Gains 27/4/2022
Notable gains dominated the Canadian dollar’s movements with the opening of last week’s trading after it succeeded in bouncing on the 1.2700 support floor, heading towards touching the official station that needs to be touched in the previous technical report at 1.2830, recording its highest level at 1.2827. Technically, we …
Read More »CAD Making Gains 25/4/2022
As we expected during the most recent analysis, the Canadian dollar jumped, touching the target that is required to be touched at the end of last week’s trading, around 1.2700, recording its highest level at 1.2726. Technically, by looking at the 4-hour chart, we notice the 50-day moving average continuing …
Read More »CAD building on support 22/4/2022
The pivotal support levels at 1.2460 managed to limit the bearish bias, which forced the pair to rebound bullishly again, heading to touch the required retest target at 1.2660, bypassing the target to record the highest 1.2590. Technically and carefully considering the 4-hour chart, the positive signs on the stochastic …
Read More »CAD facing selling pressure 21/4/2022
The Canadian dollar declined noticeably, canceling the expected positive outlook in the previous analysis, in which we relied on the stability of trading above the 1.2570 level. Accordingly, we indicated that any trading below 1.2570 will postpone the attempts to rise and put the pair under negative pressure to target …
Read More »CAD Waiting for signal 20/4/2022
Positive attempts for the Canadian dollar continue but are still limited to finding a good demand area around the level published in the previous analysis at 1.2570, and the pair is still stable above it so far. Technically, we find the 50-day moving average still holding the price from below …
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