Tag Archives: canadian

The Canadian dollar continues to crawl negatively to the downside within the expected bearish path, touching the first target required at 1.3190, to record its lowest level during early trading in the Asian session at 1.3180? Technically, the pair needs to confirm the breach of the support-turned-resistance 1.3240, in addition …

Negative trading is dominating the Canadian dollar after it failed to stabilize above the psychological barrier resistance of 1.3300, to gradually start drifting to the downside. Technically, we find that the SMA 50 continues negative pressure on the price, and this coincides with the stability of the RSI indicator below …

The Canadian dollar is witnessing positive movements during the previous session, after it succeeded in breaching the 1.3260 resistance level. Technically speaking, the current moves are stabilizing above the psychological barrier of 1.3300 and the SMA 50 is holding the price with signs of a positive crossover from the stochastic …

The Canadian dollar managed to achieve the negative outlook that we mentioned in the previous analysis, touching the first target during the previous session at 1.3355, recording its lowest price at 1.3242. Technically, and looking at the 4-hour chart, we find that the 50-day moving average is forming pressure on …