Tag Archives: canadian

The Canadian dollar found it challenging to break the critical support floor for the current trading levels at 1.2470, representing one of the most critical directional keys that helped it retest 1.2540. Technically, and by looking at the 4-hour chart, we notice the pair’s attempts to gain additional momentum from …

The Canadian dollar’s trying to obtain more bullish momentum to continue working within the bullish correction, benefiting from building a base on the 1.2465 support floor, trying to stabilize above the psychological barrier of 1.2500. Technically, and with careful consideration of the 4-hour chart, we find attempts by the 50-day …

As we expected, a bullish corrective bias dominated the Canadian dollar’s movements yesterday, touching the corrective target at 1.2590, recording the highest price at 1.2592. Technically, we notice that the pair succeeded in building a base of 1.2480 support, located around the 50.0% Fibonacci correction, accompanied by the clear positive …

The Canadian dollar succeeded in touching the official price stop required during last Friday’s trading at 1.2480, recording its lowest level at 1.2465. Technically, the pair is trying to build on the 1.2480 level represented by the 50.0% Fibonacci correction, as shown on the chart. We also noticed positive crossover …

Noticeable negative trades dominated the movements of the Canadian dollar within the expected official bearish direction, explaining that trading below 1.2560 opens the way for the pair to visit 1.2480, to be satisfied with recording the lowest 1.2509. From the angle of technical analysis today, and by looking at the …

As was expected during the previous analysis, the Canadian dollar touched the first bearish target at 1.2560, recording the lowest price at 1.2542. Technically, the pair’s current moves are witnessing bullish rebound attempts, benefiting from the intraday stability above 1.2560, accompanied by clear positive signs on the 14-day momentum indicator …

The Canadian dollar did not change much, maintaining the downside path after failing to retain trading above the 1.2595 level. Technically, and by looking at the 240-minute chart, we notice that the pair started to pressure the 1.2585 support level accompanied by the continuation of the negative pressure coming from …

The Canadian dollar failed to retest the resistance of 1.2640 as we expected. Instead, we relied on the positive signs on the momentum indicator, explaining the idea of ​​retesting the general bearish trend, recording the lowest price at 1.2565. Technically, by looking at the 240-minute chart, we notice that the …

Negative trading dominated the movements of the Canadian dollar at the end of the week’s trading, recording its lowest level around 1.2588 after it failed to maintain trading above the 1.2670 level. Technically, we find that the 14-day momentum indicator is trying to provide positive signals accompanied by the stability …

The Canadian dollar maintains positive stability within attempts to gradually rise, approaching a few points at the target of 1.2800, recording the highest at 1.2790. Technically, with the pair’s success in establishing a solid support floor in general above 1.2665 and the movement above the 50-day moving average, in addition …