Tag Archives: dollar

Oil, Crude, trading

Oil, Crude, trading

The Canadian dollar is trying to recover again within successful attempts to get more bullish momentum to retest the 1.2645 resistance level. Technically, by looking at the 4-hour chart, we notice the return of the 50-day moving average to hold the price from below, in support of the bullish price …

Oil, Crude, trading

The single European currency ended last week’s trading with a noticeable decline within the expected bearish context mentioned in the previous analysis, touching the first official target required around 1.0775, recording its lowest level at 1.757. Technically, the pair witnessed quiet trading due to the European market holiday yesterday. However, …

Oil, Crude, trading

Oil, Crude, trading

During the previous trading session, the Canadian dollar declined noticeably to stop the expected bullish bounce mentioned in the last analysis. The resistance levels of 1.2675 succeeded in limiting the bullish rebound, which forced the pair to retest 1.2560. Technically, with the price stability below the 1.2590 level, 38.20% Fibonacci …

Oil, Crude, trading

The euro’s movements witnessed a limited bullish tendency after finding a solid support floor near the psychological barrier of 1.0800, which helped the pair make a bullish bounce to test the 1.0900 resistance level. Technically and carefully considering the 4-hour chart, we notice that the 50-day moving average is still …