US Dollar regained its footing today, as traders digested the latest developments around Donald Trump and upcoming economic data. The US Dollar Index (DXY) edged higher, but the 108.00 level remains a significant hurdle for further gains. US Dollar Faces Mixed Signals EUR/USD saw its bullish momentum slow near multi-week highs above 1.0400. Meanwhile, GBP/USD […]
USD/CAD begins Thursday’s Asian session with further declines, trading near 1.4150. This marks the pair’s second consecutive day of losses as it continues to retreat from Wednesday’s high of 1.4194, the loftiest level since April 2020. The Canadian Dollar’s (CAD) strength follows the Bank of Canada’s (BoC) dovish guidance regarding future monetary policy adjustments. BoC’s […]
During the previous session, the Curve market experienced a significant price increase, causing the token to rise through some important technical landmarks. However, the ongoing session seems to suggest that the market is finding it a bit more challenging to sustain further gains. CRV Statistics: Current Curve Price: $0.3048 CRV Market Cap: $357 million Curve […]
In a surprising turn of events, the Canadian dollar (CAD) flexed its muscles against its American counterpart on Tuesday, buoyed by an unexpected surge in domestic inflation. Rent prices and mortgage interest costs played the role of inflationary superheroes, propelling the headline Consumer Price Index (CPI) to new heights. As a result, the USD/CAD pair […]
Despite facing significant headwinds in recent weeks, the Canadian dollar, also known as the Loonie, has demonstrated remarkable resilience. With a major sell-off coinciding with declining crude oil prices and ongoing banking crises, it’s been a challenging time for the Loonie. However, positive economic indicators and supportive data have helped the currency consolidate and maintain […]
USDCAD price has launched to the moon from the oversold region of 1.3300. The Parabolic SAR (Stop and Reverse) resting below the candles has indicated an upward trend. USDCAD Key Levels Demand Levels: 1.3520, 1.3300, 1.2980Supply Levels: 1.3690, 1.3880, 1.4000 USDCAD Long-Term Trend: Bullish USDCAD experienced stiff resistance at the 1.3800 supply zone in October. […]
The Canadian Dollar (USD/CAD) soared on Tuesday as China’s robust economic growth boosted the outlook for global commodities, especially crude oil. The world’s second-largest economy expanded by 6.8% in the first quarter of 2023, beating expectations and lifting both WTI and Brent prices. The Canadian dollar, which is closely linked to oil exports, benefited from […]
Market Analysis – March 22 USDCAD Bulls attempted multiple times to soar above the 1.2980 significant level. This led to multiple false breakouts in August 2022. The price successfully launched from 1.2740 when the market was oversold to break 1.2980. USDCAD Significant Levels Resistance Levels: 1.3500, 1.3700, 1.3880 Support Levels: 1.3230. 1.2980, 1.2740 USDCAD Long-term […]
Market Analysis – March 8 USDCAD has violated the bearish trendline on the daily chart. The market direction has changed to bullish. The buyers are flexing their muscles after a long period of continuous price decline. USDCAD Key Levels Support Levels: 1.3520, 1.3280, 1.2980 Resistance Levels: 1.3880, 1.4000, 1.4100 USDCAD Long-term Trend: Bullish USDCAD Buyers […]
