Tag: CAD
Which Currency Is Very Powerful?
Jennifer -
In the world of finance, the concept of currency strength plays a crucial role in international trade, investment strategies, and economic stability. Currency strength...
CADJPY Resumes Upward Trend: Forecast for September 26, 2024
Jennifer -
The CADJPY currency pair has successfully continued its correctional bullish trajectory, surpassing the 50% Fibonacci retracement level at 106.35. This move has enabled it...
How Much Is $1 US in Canada?
Jennifer -
In an increasingly globalized world, currency exchange rates play a crucial role in international commerce, travel, and personal finance. For individuals and businesses alike,...
USD/CAD Forecast: September 23, 2024 – USD/CAD Outlook
Jennifer -
The USD/CAD pair is currently hovering around the $1.3562 level, making efforts to maintain stability above this support, which sustains the potential for a...
CAD/JPY Holds Above Key Support – Forecast for September 18, 2024
Jennifer -
The CAD/JPY currency pair has demonstrated resilience against negative pressures, closing positively above the crucial support level of 102.80. The price has rallied past...
CADJPY Faces Strong Support: Forecast for September 13, 2024
Jennifer -
On September 12, 2024, the CADJPY currency pair encountered robust support at the 61.8% Fibonacci retracement level, stabilizing at 103.50. This level has proven...
NZDCAD Expected to Decline: Forecast for September 12, 2024
Jennifer -
The NZDCAD currency pair has recently experienced a series of corrective bearish movements. The price encountered resistance at the 38.2% Fibonacci retracement level, located...
CAD/JPY Price Forecast: September 6, 2024
Jennifer -
The CAD/JPY currency pair has resumed its downward trajectory, falling below the 50% Fibonacci correction level at 106.45. This movement suggests a continuation of...
AUDCAD Surrenders to Resistance Line Stability – Forecast for September 3, 2024
Jennifer -
The AUDCAD currency pair has encountered significant resistance at the 0.9167 level, resulting in a strong negative shift and a subsequent decline to 0.9110. Looking...
USD/CAD Rises to Near 1.3500 as Oil Prices Decline
Jennifer -
The USD/CAD exchange rate has recently moved up to approximately 1.3500, driven by lower crude oil prices impacting the commodity-linked Canadian Dollar (CAD). This...
NZDCAD Faces Strong Resistance – Forecast for August 23, 2024
Jennifer -
The NZDCAD price encountered a significant resistance at the 50% Fibonacci retracement level of 0.8375 during its recent bullish rally. This level has proven...
What Is the Most Predictable Forex Pair?
Jennifer -
The foreign exchange (forex) market is the largest and most liquid financial market in the world, offering traders a multitude of currency pairs to...