Tag Archives: dollar

Oil, Crude, trading

The Canadian dollar reversed the expected bearish trend during the previous analysis, in which we relied on trading remaining below the psychological resistance level of 1.3500, recording its highest level at 1.3646. From the point of view of technical analysis, the stability of trading above the previously breached resistance of …

Oil, Crude, trading

US crude oil futures prices achieved the required retest target to be touched during the previous technical report, touching the first target 79.10, and approaching by a few points at the second target 79.80, to settle for recording its highest level at 79.61. Technically, looking at the 4-hour chart, we …

Limited sideways trading dominates EUR/USD, confined from the bottom above 1.0320, and from the top below 1.0400, for the second consecutive session. On the technical side today, we notice a contradiction between the technical signals, and we find the 50-day simple moving average that started pressuring the price from above. …

Japan’s Nikkei closed at its lowest level in a week on Tuesday, as COVID-19 protests in several Chinese cities raised concerns about economic growth. The Nikkei fell 0.48 percent to close at 28,027.84, the lowest level since November 21, while the broader Topix index lost 0.57 percent to 1,992.97. US …

Oil, Crude, trading

The Canadian dollar touched the first target to be achieved during yesterday’s session at 1.3500, recording its highest level at 1.3505, and began to decline rapidly to the downside as a result of the collision with the resistance level represented in the target. Technically, and by looking closely at the …

Oil, Crude, trading

US crude oil futures prices found a support level of around 73.85, which forced the price to rebound bullishly to temporarily reverse the expected bearish trend, recording a high of 78.15 during the morning trading of the current session. Technically, the positive signals from the stochastic indicator, stimulated by the …