Tag Archives: dollar

Oil, Crude, trading

Yesterday, US crude oil futures prices surged as anticipated in the previous technical report, reaching a peak at $82.46 per barrel. From a technical standpoint, our trading bias remains positive, supported by the consistent movement within the upward price channel. Additionally, the presence of the simple moving averages and the …

The EUR/USD pair faced strong selling pressure near the 1.0960 resistance level, leading to negative trades and a return to stability below the psychological barrier of 1.0900. From a technical perspective today, examining the 4-hour time frame chart reveals a bearish technical formation supporting the potential for further decline, along …

The US dollar (USD) remained steady against the British pound (GBP) on Friday, as investors turned their attention to a series of highly anticipated central bank meetings scheduled for the upcoming week. Meanwhile, the Japanese yen (JPY) saw a slight decline amidst speculation surrounding potential shifts in monetary policy. Market …

European shares maintained a subdued stance on Friday, balancing strength in the telecommunications sector against a broader sell-off in global equities triggered by hotter-than-expected U.S. inflation figures, which dampened expectations of a June rate cut. Telecom Sector Strength Counters Equities Sell-off The pan-European STOXX 600 index remained flat, as of …

An upward trend dominated the movements of the Canadian dollar during the previous trading session after it was able to penetrate the resistance level of the psychological barrier 1.3500, recording its highest level at 1.3543. From the technical analysis angle today, we are leaning toward positivity, relying on stability above …

japanese-yen

Oil, Crude, trading

Over the past two consecutive sessions, our focus has been on monitoring the price behavior of oil due to conflicting technical signals and trading confined within defined trend boundaries. As previously highlighted in our technical report, an upward trend commenced upon crossing above the resistance level of 78.70, representing the …

The euro continues its gradual ascent against the US dollar, maintaining consistent technical patterns for the third consecutive session. Analyzing the 240-minute timeframe chart, the simple moving averages persist in guiding the price from below, reinforcing the bullish technical structure evident on the chart. With daily trading sustained above the …