The positive attempts of the euro against the dollar continue within the bullish path published in the previous analysis, to consolidate above the 1.1230 support level, the pair is now hovering around its highest level during the morning session of the current session around 1.1275. Technically, and carefully considering the …
Read More »The USD Continues to Decline And The Australian Dollar Rises
The US dollar extended its decline on Tuesday while risk-sensitive currencies such as the British pound and the Australian dollar rebounded after falling overnight. Global stocks started February higher after falling nearly 5 percent in January, and the currency market changed course as well. After the dollar index reached its …
Read More »The Canadian Dollar: Struggles to Rise 1/2/2022
The technical outlook is unchanged, and the pair’s movements did not change significantly, trying to maintain the bullish bias, benefiting from stability above the 1.2665 support level. Technically, and by looking at the 4-hour chart, we notice positive attempts that started appearing on stochastic to get more bullish momentum, in …
Read More »British Pound: Retests Resistance 1/2/2022
Oil, Crude, trading
Read More »Oil Continues to Maintain Gains 1/2/2022
Oil, Crude, trading
Read More »Euro May See Bullish Bias 1/2/2022
We adhered to neutrality during yesterday’s technical report due to the conflicting technical signals, clarifying that the pair is trying to build a base on the psychological support level 1.1100 to start its daily trading on an upward trend, above 1.1235. On the technical side today, the 4-hour chart indicates …
Read More »The Dollar is Falling in The Week of Central Bank Meetings
The US dollar slipped on Monday, moving away from 1-1/2-year highs hit on Friday after hawkish comments from a US Federal Reserve official pushed the US bond yield curve to a three-month low. After the Federal Reserve in its meeting last week clearly indicated a rate hike in March, some …
Read More »The Canadian Dollar: Retest Support 31/1/2022
Positive trading dominated the movements of the Canadian dollar within the expected bullish path mentioned in the previous analysis, exceeding the target that is required to be achieved at 1.2765, recording the highest level at 1.2796. Technically, and by looking at the 4-hour chart, we notice positive attempts that started …
Read More »British Pound: Negative Pressure is in Place 31/2022
Oil, Crude, trading
Read More »Oil Returns The Support Line of The Ascending Price Channel 31/1/2022
Oil, Crude, trading
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