Tag Archives: dollar

The EUR/USD pair is currently exerting downward pressure on a robust support level, as highlighted in the previous technical report, positioned at 1.0760 and characterized by a descending trend. From a technical standpoint, intraday movements today demonstrate a sustained position below the pivotal resistance of the psychological threshold at 1.0800. …

European stocks rose on Wednesday as bets increased that global interest rate hikes had peaked, with the mining sector, a beneficiary of higher metal prices, leading gains while Germany’s DAX index hit a new record high. The European STOXX 600 index rose 0.1 percent by 0809 GMT, while the German …

Oil, Crude, trading

Oil, Crude, trading

In the aftermath of our previous technical report, the Canadian dollar achieved the initial target at 1.3585, reaching its highest point at 1.3594. Today’s technical analysis, focused on the 4-hour time frame chart, reveals momentary negative movements attributed to the looming resistance of the psychological barrier at 1.3600. This level …

japanese-yen

Oil, Crude, trading

In line with our expectations, the futures contracts for American crude oil experienced a downward trajectory, successfully reaching the initial target of $72.60 and hitting the designated station at $72.15. The lowest point was recorded at $72.00 per barrel. A meticulous examination of the 4-hour chart reveals that the price …

In the aftermath of our previous technical report, the EUR/USD pair continued its anticipated descent, achieving the initial target at 1.0800 and hovering just a few points above the second target at 1.0760. The pair marked its lowest point at 1.0778, confirming the validity of the downward trajectory. As we …

On Wednesday morning during the early Asian session, the price of gold (XAU/USD) declines. The yellow metal declines due to the renewed demand for US dollars (USD). The US Dollar Index (DXY), which measures the value of the US dollar relative to a weighted basket of currencies that is used …