The Canadian dollar successfully reached the initial upward target in the preceding trading session, attaining the milestone at 1.3500 and marking its peak at 1.3502. Analyzing the 4-hour chart, we observe the simple moving averages persisting in guiding the price from below, concurrently with positive signals from the momentum indicator. …
Read More »CAD resumes its ascent 16/1/2024
An upward trend has reasserted control over the movements of the Canadian dollar, establishing solid support around 1.3410. The current trading levels witness stability around the highest point reached early in the morning at 1.3475. Upon closer examination of the 4-hour chart from a technical perspective, the simple moving averages …
Read More »CAD making notable gains 12/1/2024
The Canadian dollar experienced an upward trend, aligning with the anticipated positive outlook outlined in the latest technical report. The currency touched the target at 1.3430 and recorded its highest level at 1.3443. From a technical perspective today, there are early signs of negativity emerging on the Stochastic indicator. Furthermore, …
Read More »CAD facing temporary negative pressure 9/1/2024
The Canadian dollar continues to exhibit an upward trend, in line with the anticipated bullish context outlined in the previous technical report. The pair successfully established a base around the support level of 1.3320. In terms of technical analysis, a closer examination of the 4-hour time frame chart reveals ongoing …
Read More »CAD hits the desired target 3/1/2024
The Canadian dollar exhibited an upward trend, in line with expectations mentioned in the previous technical report, reaching the official target station at the price of 1.3320 and recording its highest level at 1.3340. From a technical analysis perspective today, upon closer examination of the 4-hour time frame chart, it …
Read More »CAD trying to recover 2/1/2024
Following several consecutive sessions of decline, the Canadian dollar has discovered a robust support base around 1.3180. Benefiting from this foundation, it is now making efforts to initiate a bullish rebound to the upside. From a technical analysis perspective today, a closer examination of the 4-hour time frame chart reveals …
Read More »CAD building on support 13/12/2023
The Canadian dollar successfully reached the initially targeted level at 1.3540, establishing a robust support base that propelled the pair towards an upward rebound, testing the formidable resistance level at 1.3620. From a technical standpoint today, our trading sentiment leans towards positivity, underpinned by the price’s consolidation above the aforementioned …
Read More »CAD is facing temporary negative pressure 12/12/2023
The Canadian dollar encountered a robust resistance level around 1.2620 and struggled to maintain positive stability above the psychological barrier of 1.2600. This led to a shift in sentiment, resulting in negative trades, with the pair currently trading around 1.3558. In terms of technical analysis today, the simple moving averages …
Read More »CAD above support 8/12/2023
The Canadian dollar exhibited a notable upward momentum, aligning with the anticipated positive outlook and reaching the initial target specified in the previous technical report at the price of 1.2625. The pair achieved its highest level at 1.3620. Upon closer examination of the 4-hour chart from a technical perspective, the …
Read More »CAD positivity remains 7/12/2023
In the aftermath of our previous technical report, the Canadian dollar achieved the initial target at 1.3585, reaching its highest point at 1.3594. Today’s technical analysis, focused on the 4-hour time frame chart, reveals momentary negative movements attributed to the looming resistance of the psychological barrier at 1.3600. This level …
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