Tag Archives: dollar

Significant gains were witnessed by the Canadian dollar’s movements yesterday within the bullish path published during the previous technical report, touching the first target to be achieved at 1.3650, recording its highest level at 1.3654. Technically, and by looking at the 4-hour chart, we find that the simple moving averages …

Oil, Crude, trading

US crude oil futures declined, invalidating the positive outlook as we expected, in which we relied on trading stability above 73.40, touching the stop loss order, and recording a low of 71.04. Technically, the current movements are stable below the previously broken support at 71.55, represented by 61.80% Fibonacci correction, …

A negative trading session dominated the movements of the euro-dollar pair during the previous trading session, within the expected bearish path, recording its lowest level at 1.0707. From the point of view of technical analysis today, the pair is currently hovering around the 1.0730 support level, represented by a Fibonacci …

European stock markets fell on Thursday as statistics revealed that Germany, the region’s largest economy, fell into recession in the first quarter of the year. At 03:15 ET (07:15 GMT), the DAX index in Germany was down 0.2%, the FTSE 100 in the United Kingdom was down 0.4%, and the …

Oil, Crude, trading

Due to conflicting negative signals, we adhered to intraday neutrality in the previous report, explaining that activating buying centres depends on breaching 1.3500 to target areas of 1.3570, surpassing the required target, and recording its highest level at 1.3613. Technically, and with a closer look at the 4-hour chart, the …

Oil, Crude, trading

Positive trading dominated the prices of US crude oil futures contracts yesterday, supported by the continuation of gaining bullish momentum that led prices to touch the first expected target at 74.50, recording the highest of $74.70 per barrel. Technically, the positive impact of the bullish technical structure during the previous …

The single European currency continued its decline against the US dollar within the expected bearish path during the previous report, continuing the negative creep towards 1.0720, to hover around its lowest level during today’s early trading at 1.0730. Technically, and by looking closely at the 4-hour chart, we find that …