Tag Archives: dollar

Oil, Crude, trading

Strong negative trades dominated the Canadian dollar’s movements yesterday, nullifying the expected positive outlook during the previous analysis. As a result, we depended on trading stability above 12910, recording the lowest price at 1.2820. Technically, we find the simple moving averages are back to pressure the price from above, and …

Oil, Crude, trading

Quiet movements that tended to the upside dominated the euro against the US dollar, with the opening of the first trading sessions of this week to retest the 1.0460 resistance level. Technically, despite the bullish bias, we tend to the negativity, relying on trading stability below 1.0460, the strong supply …

European shares opened lower on Monday, with French shares down nearly 1 percent, after weak economic data from China fueled fears of a global recession. The pan-European Stoxx 600 index fell 0.6 percent by 0715 GMT, after posting its first weekly gain in five weeks on Friday. China’s April retail …

The dollar rose at the start of the week to a level just under a 20-year high against other major currencies on Monday as investors sought safe havens due to concerns about global growth while cryptocurrency markets appeared to have found some stability after last week’s turmoil. The dollar index …

Oil, Crude, trading

The Canadian dollar retests the support published during the previous analysis at 1.2910, recording its lowest level at 1.2893 before returning to the bullish path. Technically and carefully looking at the 4-hour chart, we notice the rapid bullish bounce that occurred with the stability of trading above 1.2910 accompanied by …

Oil, Crude, trading

The single European currency maintains negative stability against the US dollar, hitting its lowest level during last week’s trading at around 1.0350. Technically, by looking at the 4-hour chart, we notice the continuation of the negative pressure coming from the simple moving averages, which still constitute a hindrance to the …