The Canadian dollar achieved the idea of the bullish bias published during the technical analysis of yesterday’s session, touching the required retest target at 1.2620 and recording its highest level at 1.2620. Technically and with careful consideration on the 60-minute chart, the current movements are witnessing intraday stability above the …
Read More »GBP hits the resistance 8/6/2022
Oil, Crude, trading
Read More »The euro is testing support 8/6/2022
The technical outlook is unchanged, and the Euro did not change much, maintaining the bearish context against the US dollar, to pressure the strong support level at 1.0670. Technically, and by carefully looking at the 4-hour chart, we find the pair stable below the minor resistance of 1.0730, and we …
Read More »The dollar is at its highest level in 20 years against the yen
The dollar rose to its highest level in two weeks, supported by rising US bond yields, which pushed the Japanese yen to its lowest level in more than 20 years against the dollar. The yen fell to 133 yen against the dollar, a level previously highlighted as a trigger for …
Read More »Dow Jones and negative pressure stands 7/6/2022
Oil, Crude, trading
Read More »CAD may see a limited upward trend 7/6/2022
Limited positive trading returned to dominate the Canadian dollar’s movements, benefiting from the 1.2540 support level, forcing the pair to rebound to the upside and witness the current movements of intraday stability above 1.2550. Technically, we find that the momentum indicator 14 could obtain positive signals on the short time …
Read More »GBP continues its gradual decline 7/6/2022
Oil, Crude, trading
Read More »The euro is testing support 8/6/2022
The technical outlook is unchanged, and the Euro did not change much, maintaining the bearish context against the US dollar, to pressure the strong support level at 1.0670. Technically, and by carefully looking at the 4-hour chart, we find the pair stable below the minor resistance of 1.0730, and we …
Read More »Euro rises as risk appetite increases
The euro rose on Monday as risk appetite increased as investors awaited the European Central Bank’s Monetary Policy Committee meeting later this week. The single European currency rose 0.2 percent against the dollar to $ 1.074. The euro recently rose against the dollar after increasing government bond yields amid expectations …
Read More »Dow Jones needs consideration 6/6/2022
Oil, Crude, trading
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