As we expected, a bearish trend dominated the Canadian dollar’s movements with a gradual decline to the downside, approaching the official target of 1.3320, posting its lowest level at 1.3355. Technically, the most favourable direction is still bearish, with the negative pressure of the simple moving averages, which continue to …
Read More »
Oil, Crude, trading
Read More »
US crude oil futures prices reversed the expected bearish trend mentioned in the previous analysis, in which we relied on trading stability at the time of writing the report below the resistance level of 75.60, explaining that if the level mentioned above is breached, oil prices may recover with the …
Read More »
The euro-dollar pair witnessed a positive trading session within the expected bullish context. Accordingly, we relied on stability above the psychological barrier of 1.0600, reaching the official station targeted for the current bullish wave at 1.0740, recording its highest level at 1.0760. On the technical side today, we find there …
Read More »
On Monday, the dollar approached its lowest level in seven months against other major currencies, after data last week showed that the Federal Reserve may slow the pace of decisions to raise interest rates, while the reopening of Chinese borders boosted higher-risk currencies. The yuan in foreign transactions approached its …
Read More »
European stocks rose on Monday, extending a positive start to the year for a second week, as China reopened its borders and US and European data eased concerns about the aggressive tightening of monetary policy by central banks. The pan-European Stoxx 600 index was up 0.3 percent by 0812 GMT. …
Read More »
The dollar stabilized on Monday after investors digested a batch of economic data released last week that raised hopes that the Federal Reserve would slow the pace of interest rate hikes. Data on Friday showed that non-farm payrolls in the United States increased by 223 thousand jobs in December, while …
Read More »
Oil, Crude, trading
Read More »
The Canadian dollar followed the negative outlook during the previous technical report, heading to touch the official bearish station on friday at 1.3420, recording its lowest level during the morning trading of today’s session at 1.3400. Technically, and by looking closely at the 4-hour chart, we find that the pair …
Read More »
Oil, Crude, trading
Read More »
Noor Trends News, Technical Analysis, Educational Tools and Recommendations
