Tag Archives: dollar

Negative trading dominated the movements of the Canadian dollar, heading to visit the first official target to be achieved yesterday, at 1.3520, recording its lowest level at 1.3518. Technically, we notice the continuation of the negative pressure coming from the simple moving averages that continue to pressure the price from …

Oil, Crude, trading

US crude oil futures prices achieved the bullish target that should be touched during the previous report at 77.40, recording a high of 77.72. Technically, by looking at the 240-minute chart, we find that the simple moving averages are still holding the price from below, and support the possibility of …

The EUR/USD pair continues its attempts to rise within the gradually ascending path, as we expected, recording its highest level during the previous session’s dealings, near the psychological barrier of 1.0700. On the technical side today, and with a closer look at the 240-minute chart, we notice that the pair …

The dollar traded near its weakest levels in months against the euro and the pound sterling on Wednesday, after falling overnight on pressure from softer-than-expected inflation data that raised bets that the Federal Reserve will slow the pace of interest rate hikes. After raising interest rates four times in a …

Japan’s Nikkei average closed at a two-week high on Wednesday, tracking Wall Street’s gains as lower-than-expected US inflation data reinforced expectations that the Federal Reserve may ease the pace of interest rate hikes. The Nikkei rose 0.72% to 28,156.21, its highest close since December 1. The broader Topix index rose …

Oil, Crude, trading

The Canadian dollar reversed the temporary trend, as we expected during the previous analysis after it failed to maintain its positive stability above the support level of 1.3600, explaining that the decline below the mentioned level will immediately stop any attempts to rise and lead the pair to the official …

Oil, Crude, trading

crude oil futures prices achived strong gains within the expected bullish path during the previous analysis, touching the retest target 75.30, surpassing the required target, and recording a high of 76.35. On the technical side today, and with a closer look at the 4-hour chart, we find that stochastic started …