The Canadian dollar was able to achieve the view of retesting the support published during the previous analysis, heading towards retesting the required target at 1.2665, recording its lowest level at 1.2657. Technically, we notice the negative pressure coming from the simple moving averages that put negative pressure on the …
Read More »The Canadian Dollar: Meets Resistance 7/2/2022
The Canadian dollar achieved noticeable gains during last week’s trading, within the expected bullish path, after it succeeded in breaching the resistance level 1.2710, to reach the highest level at 1.2787. Technically, and carefully looking at the 240-minute chart, we note the current negativity features that started appearing on the …
Read More »The Canadian Dollar: Same Technicals 3/2/2022
Narrow sideways trading dominates the movements of the Canadian dollar for the third consecutive session, between 1.2660 and 1.2700 without any change in the technical outlook. Technically, and by looking at the 4-hour chart, we notice positive attempts that started appearing on stochastic to get more bullish momentum, in addition …
Read More »The Canadian Dollar: Trying to Hold on to The Support 2/2/2022
The technical outlook is unchanged, and the movements of the Canadian dollar did not change for the second consecutive session, trying to maintain its trades above the support level of 1.2660. Technically, and by looking at the 4-hour chart, we notice positive attempts that started appearing on stochastic to get …
Read More »The Canadian Dollar: Struggles to Rise 1/2/2022
The technical outlook is unchanged, and the pair’s movements did not change significantly, trying to maintain the bullish bias, benefiting from stability above the 1.2665 support level. Technically, and by looking at the 4-hour chart, we notice positive attempts that started appearing on stochastic to get more bullish momentum, in …
Read More »The Canadian Dollar: Retest Support 31/1/2022
Positive trading dominated the movements of the Canadian dollar within the expected bullish path mentioned in the previous analysis, exceeding the target that is required to be achieved at 1.2765, recording the highest level at 1.2796. Technically, and by looking at the 4-hour chart, we notice positive attempts that started …
Read More »The Canadian Dollar is Making Remarkable Gains 28/1/2022
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 …
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