Tag Archives: dollar

Oil, Crude, trading

The Canadian dollar managed to rebound upwards during the previous session, touching the official target at 1.2560, to record the highest level at 1.2560. Technically, and carefully looking at the 4-hour chart, we notice that the pair is stable above 1.2500, accompanied by the positive motive for the 50-day moving …

Oil, Crude, trading

The single European currency continues to move negatively against the US dollar, within the expected bearish context during the technical report issued yesterday, touching the target station of 1.0870, recording the lowest price at 1.0870. Technically, by looking at the 240-minute chart, we notice the regularity of movement within the …

Oil, Crude, trading

The Canadian dollar declined noticeably during the last trading session within the expected bearish context, explaining that the breach below the 1.2470 support floor increases the negative pressure on the pair to touch 1.2370, recording a low at 1.2400. Technically and by looking at the 4-hour chart, we notice the …

Oil, Crude, trading

As we expected, the single European currency found intense selling pressure against the US dollar, touching the official target at 1.0920, recording its lowest level around the psychological barrier of 1.0900. Technically, today, the negative pressure is still intact—the pair’s failure to maintain trading above the previously broken support-into-resistance around …

Oil, Crude, trading

The Canadian dollar found it challenging to break the critical support floor for the current trading levels at 1.2470, representing one of the most critical directional keys that helped it retest 1.2540. Technically, and by looking at the 4-hour chart, we notice the pair’s attempts to gain additional momentum from …