The Canadian dollar jumped, achieving noticeable gains as expected, coming close by a few points from the required target of 1.2765, recording its highest level at 1.2748. Technically, the pair succeeded in establishing a solid support floor around 1.2665, accompanied by the positive motive of the 50-day SMA and the …
Read More »The Canadian Dollar: Waiting For More Gains 27/1/2022
The Canadian dollar built on a solid support floor published during the previous analysis at 1.2565, explaining that the mentioned level can push the pair upwards, targeting 1.2700, to record the highest level during the morning trading session at 1.2715. Technically, we tend to the upside, relying on the breaching …
Read More »The Canadian Dollar: Repeats The Chances of a Rising 26/1/2022
The Canadian dollar is positively trying to recover after confirming the breach of the resistance level 1.2526 to retest the strong resistance level 1.2670. Technically, by carefully looking at the 4-hour chart, we notice that the 50-day moving average is still holding the price from below, supporting the attempts to …
Read More »The Canadian Dollar: Breaks Through The Resistance 25/1/2022
The Canadian dollar provided positive movements during the previous trading session, after it succeeded in establishing a solid support floor around the bottom of 1.2465, to return to the bullish rebound, attacking the resistance level of the psychological barrier 1.2700. Technically, the pair managed to breach the upside and settle …
Read More »The Canadian Dollar: Building on Support 21/1/2022
The Canadian dollar is trying to build on the pivotal demand point published during all reports of the current week, located at the price of 1.2465/1.2460, which is trying to protect the pair from achieving more declines and forcing it to retest the 50-day moving average around 1.2540 resistance level. …
Read More »The Canadian Dollar: Confirmation of The Breach Extends The Losses 20/1/2022
Negative trading dominated the Canadian dollar’s movements, trying to pressure the pivotal support level at 1.2465 to end its daily trading above that level. Technically, there is a conflict in the technical signals between the attempts of the stochastic indicator to obtain positive signals that increase the possibility of an …
Read More »The Canadian Dollar: Technical Conditions Unchanged 19/1/2022
The technical outlook is unchanged and the movements of the US dollar against the Canadian dollar did not change significantly, maintaining the same technical conditions of the previous session. Technically, there is a conflict in the technical signals between the RSI attempts to obtain positive signals that increase the possibility …
Read More »The Canadian Dollar: a Conflict in Technical Signals 18/1/2022
The Canadian dollar witnessed mixed movements during last week’s trading after hitting the pivotal resistance level at 1.2610. Technically there is a conflict in the technical signals between the RSI attempts to obtain positive signals that increase the possibility of a rise, the attempts of Stochastic to get positive signs, …
Read More »The Canadian Dollar Touches The Desired Goal 14/1/2022
Negative trading dominated the movements of the Canadian dollar as we expected, touching the required goal for the bearish technical structure mentioned in the previous analysis at 1.2465, recording its lowest price at 1.2453. Technically, the current moves are witnessing attempts to rebound to the upside as it closed yesterday’s …
Read More »The Canadian Dollar Continues to Retreat 13/1/2022
Negative trading dominated the movements of the Canadian dollar as we expected to touch the required target for the bearish technical structure mentioned in the previous analysis at 1.2500, recording its lowest price during the early trading of the current session 1.2495. Technically, The negative pressure of the 50-day moving …
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