Analysis of Currency Pair Dynamics and Technical Indicators The Canadian dollar (CAD) has demonstrated an upward trend in the early trading sessions of this week, marked by a decisive breach of the 1.3440 resistance level. This surge has nullified the bearish scenario previously anticipated and positioned the pair for further …
Read More »CAD: negative pressure exists 2/2/2024
The Canadian dollar pair encountered a robust resistance at 1.3465, prompting the completion of the anticipated downward trajectory mentioned in the previous report. The pair reached the first target at 1.3380, touching its lowest point at 1.3367. In today’s technical analysis, a negative bias is observed in trading, hinging on …
Read More »CAD tests resistance 31/1/2024
Negative momentum dominated the movements of the Canadian dollar, coming within a few points of the first official target set in the previous report at 1.3380, reaching its lowest level at 1.3397. In today’s technical analysis, a bearish sentiment is favored in our trading outlook, relying on the intraday stability …
Read More »CAD continues to decline 30/1/2024
Limited positive attempts dominated the movements of the Canadian dollar temporarily, hitting the resistance level of 1.3535, which succeeded in limiting the upward tendency. From a technical analysis standpoint, today prices are witnessing stability below the psychological barrier resistance level of 1.3500, and with a closer look at the 4-hour …
Read More »CAD facing negative pressure 26/1/2024
Limited positive attempts dominated the movements of the Canadian dollar temporarily, hitting the resistance level of 1.3535, which succeeded in limiting the upward tendency. From a technical analysis standpoint, today prices are witnessing stability below the psychological barrier resistance level of 1.3500, and with a closer look at the 4-hour …
Read More »CAD attacks the resistance 25/1/2024
The Canadian dollar displayed notable gains in the wake of the Central Bank of Canada’s decision, defying the previously anticipated negative outlook that was contingent on maintaining stability below the psychological resistance barrier of 1.3500. From a technical analysis perspective today, intraday movements of the pair are holding steady above …
Read More »CAD below resistance, eyes on BoC 24/1/2024
Positive trades were evident in the movements of the Canadian dollar, although positivity remained constrained as the pair stabilized below the formidable resistance level at 1.3500. From a technical analysis standpoint today, intraday trading shows stability below the psychological barrier resistance of 1.3500. The 14-day momentum indicator has started to …
Read More »CAD retest support 23/1/2024
The Canadian dollar experienced an upward movement in the previous trading session, following an upward trend and reaching its highest level at 1.3486. In terms of technical analysis, intraday trading is currently stable below the psychological barrier resistance of 1.3500. Additionally, the 14-day momentum indicator is showing negative signals, suggesting …
Read More »CAD finds strong resistance 19/1/2024
The Canadian dollar displayed a period of calm trading following several consecutive sessions of growth, reaching its highest point around 1.3540, ultimately closing below the psychological resistance level of 1.3500. Examining the technical aspects today, intraday trading remains stable below the psychological barrier of 1.3500. The 14-day momentum indicator is …
Read More »CAD touches the first goal 18/1/2024
The Canadian dollar has experienced a gradual ascent in line with the anticipated positive outlook outlined in the preceding technical analysis, successfully reaching the initial target set at 1.3540, with its highest point recorded at 1.3542. Examining the technical aspects today, intraday trading is holding below the psychological resistance threshold …
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