CAD MAD | Canadian Dollar Moroccan Dirham

CAD/MAD Overview

Prev. Close: 7.3875
Bid: 7.3479
Day's Range: 7.3481-7.3627
Open: 7.3875
Ask: 7.3518
52 wk Range: 6.9548-7.4571
1-Year Change: 5.05%

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CAD/MAD - Canadian Dollar Moroccan Dirham Analysis

Euro May Not Hold Back The Tides on ECB Cut, Fresh Cyprus Trouble
- ByDailyfx-Apr 28, 2013
Dollar Retreats from Serious Breakout with Fed and NFPs Ahead The dollar seems to slip back into its customary position on the risk spectrum this past week with a retreat that...
EUR/USD Failing Support Test? CAD and JPY on the Move on Oil.
- BySaxo Bank-Mar 02, 2012
EUR/USD today shows further signs of falling through key swing support levels, while the JPY is weak on inflation data and the oil spike. The latter is also finally seeing CAD...
New York Open: Risk Rallies Ahead of Eurogroup Meeting
- ByFOREX.com-Feb 20, 2012
• USD is lower across the board as risk appetites gets a boost following China’s 50bp cut in its reserve requirement ratio (RRR) and as Euro zone finance ministers meet...

Technical Summary

Type	5 Min	15 Min	Hourly	Daily	Monthly
Moving Averages	Buy	Neutral	Sell	Buy	Buy
Technical Indicators	Strong Buy	Sell	Strong Sell	Neutral	Strong Buy
Summary	Strong Buy	Neutral	Strong Sell	Neutral	Strong Buy

Candlestick Patterns

Pattern		Timeframe	Candles Ago	Candle Time
Emerging Patterns
	Shooting Star Gap	1M	Current
Indication Bearish reversal Reliability Low Description During an uptrend, a gap up occurs. It rallies to a new high then loses strength and closes near its low: a bearish change of momentum. Confirmation of the trend reversal would by an opening below the body of the Shooting Star on the next trading candle. It is not a major reversal signal as the evening star. Ideally, real body would gap away from previous body.
Completed Patterns
	Engulfing Bearish	1D	3	Jan 21, 2022
Indication Bearish reversal Reliability Medium Description Occurring during an uptrend, this pattern characterized by a large black real body, which engulfs a white real body (it doesn't need to engulf the shadows). This signifies that the uptrend has been hurt and the bears may be gaining strength. The Engulfing indicator is also the first two candles of the Three Outside patterns. It is a major reversal signal. Factors that are increasing this signal's reliability: 1) The first candlestick has a very small real body and the second candlestick a very large real body. 2) The pattern appears after a protracted or very fast move. 3) Heavy volume on the second black candlestick. 4) The second candlestick engulfs more than one real body.
	Dragon Fly Doji	1M	22	Mar 20
Indication Bullish reversal Reliability Medium Description During a downtrend, there is a massive sell off after the candle starts. However, the candle closes at or near its high and at the same level as the open. This signifies a weakening of the previous bearish sentiment. The longer the lower shadow, the smaller the upper shadow, and the smaller the real body, the more significant the pattern is. White real body is more bullish than black body.
	Engulfing Bearish	1W	23	Aug 15, 2021
Indication Bearish reversal Reliability Medium Description Occurring during an uptrend, this pattern characterized by a large black real body, which engulfs a white real body (it doesn't need to engulf the shadows). This signifies that the uptrend has been hurt and the bears may be gaining strength. The Engulfing indicator is also the first two candles of the Three Outside patterns. It is a major reversal signal. Factors that are increasing this signal's reliability: 1) The first candlestick has a very small real body and the second candlestick a very large real body. 2) The pattern appears after a protracted or very fast move. 3) Heavy volume on the second black candlestick. 4) The second candlestick engulfs more than one real body.

Economic Calendar

Time Jan 25, 2022, 02:32 (GMT -5:00)

Time	Cur.	Event	Forecast	Previous
Wed, January 26, 2022
08:30	CAD	Wholesale Sales (MoM) (Nov)		1.40%
10:00	CAD	BoC Monetary Policy Report
10:00	CAD	BoC Rate Statement
10:00	CAD	BoC Interest Rate Decision	0.25%	0.25%
11:00	CAD	BOC Press Conference

Central Banks

	Bank of Canada(BOC)
	Current Rate	0.25%
	Central Bank Governor	Tiff Macklem

	Bank Al-Maghrib(BKAM)
	Current Rate	2.25%
	Chairman	Mr Abdellatif Jouahri

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CAD/PAB

US 30 derived	34,140.50	-224.0	-0.65%
US 500 derived	4,370.60	-39.5	-0.90%
Dow Jones	34,364.50	+99.13	+0.29%
S&P 500 derived	4,410.13	+12.19	+0.28%
Nasdaq	13,855.10	+86.2	+0.63%
S&P 500 VIX derived	29.90	+1.05	+3.64%
Dollar Index derived	95.94	+0.055	+0.06%

Crude Oil WTI Futuresderived	83.59	+0.28	+0.34%
Brent Oil Futuresderived	85.81	-0.49	-0.57%
Natural Gas Futuresderived	3.792	-0.025	-0.65%
Gold Futuresderived	1,840.50	-1.20	-0.07%
Silver Futuresderived	23.815	+0.015	+0.06%
Copper Futuresderived	4.4328	-0.0204	-0.46%
US Soybeans Futuresderived	1,403.38	0.00	0.00%

Apple	161.62	-0.79	-0.49%
Alphabet A	2,616.08	+9.05	+0.35%
Tesla	930.00	-13.90	-1.47%
Amazon.com	2,890.88	+38.02	+1.33%
Netflix	387.15	-10.35	-2.60%
Meta Platforms	308.71	+5.54	+1.83%
Bank of America	44.55	-0.37	-0.82%

SPDR S&P 500	439.84	+1.86	+0.42%
iShares Russell 2000	201.53	+4.54	+2.30%
Invesco QQQ Trust	353.30	+1.61	+0.46%
Direxion Daily Junior Gold Miners Bull 2X Shares	58.99	-1.99	-3.26%
iShares Silver	22.11	-0.27	-1.21%
ProShares Ultra VIX Short-Term Futures	17.68	+0.48	+2.79%
ProShares UltraPro QQQ	57.49	+0.82	+1.45%

EUR/USD	1.1314	Strong Sell
GBP/USD	1.3477	Strong Sell
USD/JPY	113.79	Strong Sell
AUD/USD	0.7151	Strong Sell
USD/CAD	1.2645	Strong Buy
EUR/JPY	128.72	Strong Sell
EUR/CHF	1.0356	Strong Buy

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CAD/MAD - Canadian Dollar Moroccan Dirham