The EUR/USD pair traded within a narrow sideways range during the previous session, with limited attempts to generate short-term gains amid subdued momentum. From a technical perspective, the 4-hour (240-minute) chart shows the pair continuing to trade below the 50-period simple moving average, which is acting as a firm resistance …
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Oil, Crude, trading
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The Canadian dollar has resumed an upward corrective trend after establishing a solid support base around the psychological level of 1.3900. From a technical standpoint, the 4-hour chart indicates that bullish momentum is gaining traction. The pair is now supported by upward-sloping simple moving averages, which are once again acting …
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Oil, Crude, trading
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U.S. crude oil futures are currently trading with a bearish tone, following a retreat from the recent high of $63.64 per barrel recorded in the previous session. Technically, the price is attempting to stabilize near the key support level at $61.20, suggesting the possibility of a short-term rebound. This potential …
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The euro is facing renewed intraday selling pressure as the U.S. dollar attempts to stage a modest rebound. From a technical standpoint, the 4-hour (240-minute) chart shows the pair trading below the 50-period simple moving average, which is acting as strong resistance near the 1.1250 level. Additionally, the Relative Strength …
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US dollar managed to grasp confidence of investors gradually after positive developments of a potential trade deal between Washington and Beijing throughout last trading week. The possibility to de-escalate trade war between USA and China after increased US president Donald Trump said that the huge tariffs on China could be …
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The US Dollar gained ground on Friday, with the US Dollar Index (DXY) rising 0.37% to hover near 99.65, as markets grappled with conflicting signals on US-China trade negotiations. Optimism sparked by suggestions of ongoing dialogue and potential tariff relief was quickly tempered by China’s firm denial of any active …
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Oil, Crude, trading
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The Canadian dollar remains under sustained downward pressure, with the pair extending its losses over several consecutive sessions and reaching a recent low of 1.3828. From a technical standpoint, the 4-hour chart confirms the continuation of the dominant downtrend. Price action remains firmly below the key simple moving averages, which …
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