Tag Archives: dollar

Due to conflicting technical signals, we adhered to intraday neutrality during the previous technical report, explaining the importance of monitoring the price from below 79.20 and above 80.85. Technically, prices failed to stay long above the resistance level of 80.85. Therefore, the stochastic indicator gradually lost bullish momentum, supporting the …

Quiet trading dominated the movements of the EUR/USD pair. No significant change appeared within a limited bearish bias due to the negative pressure after touching the resistance level of 1.0965, to witness the current movements stabilizing above the psychological barrier of 1.0900. On the technical side today, negative signs started …

European stocks fell on Wednesday as investors became cautious after data indicated a slower-than-expected recovery for the euro-zone economy. The European Stoxx 600 index fell 0.2 percent, with the industrial goods and services sector index declining 1.6 percent, while the utilities sector index rose 1.4 percent. Despite an optimistic start …

Japan’s Nikkei fell on Wednesday, its first loss in four days, as auto and energy stocks took a hit from a rising yen and fears of a US recession. The Nikkei index extended its losses in the afternoon session, to close down 1.68 percent at 27,813.26 points, dropping below 28,000 …

Oil, Crude, trading

Oil, Crude, trading

Due to the high level of risks amid conflicting technical signals, we adhered to intraday neutrality during the previous technical report, explaining that confirming a breach of 81.00 may extend oil’s gains to 81.60, recording its highest level at 81.80. Technically, the inconsistency in the technical signals is still present. …

The Euro-dollar pair was able to trade positively during the previous trading session within the expected positive outlook during the last technical report, touching the first target to be achieved at 1.0965, recording its highest level at 1.0973. Technically, and by looking at the chart, the simple moving averages continue …

Oil, Crude, trading

As we expected, the Canadian dollar declined significantly within the negative outlook, touching the official target achieved yesterday at 1.3460, recording the lowest 1.3411. Technically, the bearish trend is still the most dominant in the pair’s movements, and we find that the simple moving averages continue their negative pressure on …