Tag Archives: canadian

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 …

The USD/CAD pair continues to exhibit a strong upward trend, bolstered by its firm footing above the crucial support level of 1.3690. Technical Outlook Our technical analysis suggests a continuation of the uptrend. The positive momentum derived from the simple moving averages, coupled with the Relative Strength Index’s (RSI) attempts …

The USD/CAD pair maintains its upward trajectory, holding firm above the key support level of 1.3690. This stability has propelled the pair to rebound upwards, reaching 1.3780. Technical analysis suggests a continuation of the uptrend. Positive momentum from the simple moving averages, coupled with the Stochastic oscillator’s attempts to gain …

The Canadian dollar (CAD) experienced a significant surge at the end of last week, breaking through the 1.3720 resistance level and reaching an intraday high of 1.3773. The current technical outlook suggests a continuation of the bullish trend. Positive signals from the simple moving averages and the 14-day momentum indicator …