Tag: CAD
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...
CADJPY Fluctuates Above Support – Forecast for August 19, 2024
Jennifer -
The CADJPY exchange rate has shown fluctuations due to stochastic negativity, resulting in a new negative rebound. The currency pair is approaching the 50%...
NZD/CAD Continues Uptrend – Forecast for August 13, 2024
Jennifer -
The NZD/CAD exchange rate has sustained its bullish momentum, surpassing the 55-day moving average (MA55) and achieving a new high at 0.8292. The key...
AUD/CAD Continues Downward Trend: Forecast for August 1, 2024
Jennifer -
The AUD/CAD currency pair remains under bearish pressure, as evidenced by recent trading activity. The pair has consistently closed below the 0.9082 mark, indicating...
EURCAD Continues Positive Momentum – Forecast for July 29, 2024
Jennifer -
The EURCAD pair has consistently closed above the support level at 1.4965, reflecting ongoing positive momentum. Recent gains have driven the price to 1.5025. With...