The Canadian dollar hit the resistance level of the psychological barrier at 1.3000, explaining that it represents one of the most important directional keys for the current trading levels. However, the pair failed to breach it, forcing it to trade negatively and retest the 1.2930 support level. On the technical …
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Oil, Crude, trading
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US crude oil futures prices managed to achieve the awaited bullish target at 95.70, to record its highest level during the last session’s trading at 95.67. Technically and carefully considering the chart, we find the simple moving averages still support the possibility of a rise, and we find the RSI …
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Quiet trading tended to the little positivity that dominated the movements of the euro against the dollar within attempts to benefit from the psychological barrier’s support level of 0.9900, to start the morning’s trading within an upward bias and hovering around the highest level recorded during the Asian session around …
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The sell-off in European shares continued on Wednesday, as investors worried about an energy crisis and bleak growth prospects, while hawkish comments from the US Federal Reserve on monetary policy further pressured sentiment. By 0716 GMT, the European Stoxx 600 index fell 0.2 percent, hovering near its lowest level in …
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Oil, Crude, trading
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The Canadian dollar was able to retest the support as we explained yesterday, touching the required retest target at 1.2950, recording yesterday’s low of 1.2930. Technically, the pair was able to build on the 1.2930 support floor accompanied by positive signs coming from the 14-day momentum indicator on the short …
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Oil, Crude, trading
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As we expected, US crude oil futures prices achieved noticeable gains, touching the official target price station during the last analysis at 94.00, recording its highest level of 94.19. Technically, the positive motive from the simple moving averages supports the continuation of the rise, which comes in conjunction with the …
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The EUR/USD pair found a strong resistance level at 1.0015, that mentioned in the previous analysis, explaining that it represents one of the most important keys to the current bearish trend, which forced it to trade negatively again. Technically, the pair is currently hovering around the 0.9945 level, accompanied by …
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