Tag Archives: dollar

Oil, Crude, trading

Oil, Crude, trading

The single European currency succeeded in touching the goals mentioned in the previous report at 1.1220, recording its lowest level during the early trading of the current session at 1.1220. Technically, looking at the 4-hour chart, we notice the negative pressure of the simple moving averages that support the bearish …

The Canadian dollar is positively trying to recover after confirming the breach of the resistance level 1.2526 to retest the strong resistance level 1.2670. Technically, by carefully looking at the 4-hour chart, we notice that the 50-day moving average is still holding the price from below, supporting the attempts to …

Oil, Crude, trading

Oil, Crude, trading

The single European currency declined significantly against the US dollar, within the expected bearish context during the previous analysis, heading towards the first price target, 1.1270. Technically, the Euro tried to benefit from the 1.1270 support floor, which forced the intraday movements to a limited upward bias to retest 1.1300. …

The US dollar rebounded today, Tuesday, to record a strong rise against other currencies, coinciding with several factors that affected its performance, on top of which are the current geopolitical tensions and the markets’ anticipation of critical economic data. As Russia builds up its troops and soldiers at the Ukrainian …

Oil, Crude, trading

The Canadian dollar provided positive movements during the previous trading session, after it succeeded in establishing a solid support floor around the bottom of 1.2465, to return to the bullish rebound, attacking the resistance level of the psychological barrier 1.2700. Technically, the pair managed to breach the upside and settle …