Tag Archives: dollar

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 …

Oil, Crude, trading

Strong rises were witnessed in the prices of US crude oil futures contracts, to start its first weekly dealings on a rising price gap under the influence of the OPEC decision, to record its highest level of $81.50 per barrel. Technically, By looking closely at the 240-minute chart, we find …

The Euro tried to maintain the main bullish trend during the first trading of this week, explaining during the previous report that the price remaining above 1.0800 stimulates the price to retest 1.0920, recording its highest level at 1.0925. Technically, the Euro has stabilised above the 50-day simple moving average, …

Oil, Crude, trading

The Canadian dollar achieved the negative targets we expected within the bearish path published during the previous technical analysis, touching the official target at the end of last week’s trading at 1.3550, recording the lowest at 1.3505. Technically, we tend to be negative, relying on the continuation of the negative …

Oil, Crude, trading

US crude oil futures prices witnessed an upward rebound by the end of last week’s trading, building on the strong support floor of 72.60. Technically, with a close look at the 240-minute chart, the price has returned to stability above the simple moving averages that support more rises and is …

The single European currency showed movements within a bearish bias due to the clash with the resistance level of 1.0920, which forced the pair to retest 1.0820, which concluded last week’s trading above the mentioned support level. Technically, and looking at the 4-hour chart, we find that the 50-day SMA …

Japan’s Nikkei index rose on Friday, the last trading day of the country’s fiscal year, and recorded its best week in two months after easing fears of a banking crisis and a weaker yen boosted investor sentiment. The Nikkei ended Friday, up 0.93 percent, at 28,041.48 points, to remain above …