Tag Archives: dollar

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 …

Mixed trading dominated the movements of the euro-dollar pair during the previous trading session, recording its highest level at 1.0497, after it managed to consolidate temporarily above the resistance level published during the previous analysis 1.0420, to return to decline quickly as a result of approaching the resistance level of …

The dollar fell sharply against the Japanese yen on Monday, as investors focused on rare protests in China that pushed the yuan to a two-week low. Protests against anti-COVID restrictions erupted across China and spread to several cities in the wake of a fire that killed 10 people in Urumqi, …

European stocks retreated from three-month highs on Monday, led by declines in energy, retail and mining stocks after widespread protests in China over strict anti-COVID-19 restrictions triggered a sell-off in global markets. The STOXX 600 index of European shares fell 0.5 percent by 0802 GMT, after sharp declines in Asian …

Japan’s Nikkei fell for the second consecutive session on Monday as protests in China over tough restrictions to combat the coronavirus hurt investor sentiment, while technology stocks fell in line with their Wall Street peers. The Nikkei index ended the day’s trading down by 0.42 percent, at 28,162.83 points. It …

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 continue to achieve heavy losses within the expected downside path, surpassing the official target required to be achieved during the last analysis at 74.80, recording its lowest level at 73.85. Technically, the downside wave is still valid and practical, with the continuation of the negative …