Tag Archives: dollar

The single European currency opened its first weekly trading with a bearish bias after failing to breach the strong supply area published during the last analysis at 1.1060. It represents one of the most important directional keys that forced the pair to retest 1.0950. Technically, the current movements of the …

Oil, Crude, trading

Noticeable negative trades dominated the movements of the Canadian dollar within the expected official bearish direction, explaining that trading below 1.2560 opens the way for the pair to visit 1.2480, to be satisfied with recording the lowest 1.2509. From the angle of technical analysis today, and by looking at the …

Oil, Crude, trading

The EUR/USD pair moved in the expected bearish path, but it did not show solid movements for two consecutive sessions, trying to build on 1.0960 support level. Technically, despite the pair’s attempts to achieve some bullish rebound, benefiting from the pivot on the 1.0960 support floor, we also find that …

The dollar rose on Thursday as oil prices stabilized and commodity-linked currencies gave up some of their gains, while the yen plunged to its lowest level since 2015. The turmoil prevailed in stock markets and struggled to achieve gains in Asian trading, as investors exercised more caution after hawkish comments …

Oil, Crude, trading

As was expected during the previous analysis, the Canadian dollar touched the first bearish target at 1.2560, recording the lowest price at 1.2542. Technically, the pair’s current moves are witnessing bullish rebound attempts, benefiting from the intraday stability above 1.2560, accompanied by clear positive signs on the 14-day momentum indicator …

Oil, Crude, trading

Slow sideways movements tend to dominate EUR/USD negatively, and the intraday movements are still stable below the resistance level 1.1060/1.1050, unable to break it. Technically, despite the pair’s attempts to achieve some bullish bounce, we still believe that the bearish trend is the most likely, relying on the stability of …