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Oil, Crude, trading
Read More »Dow Jones May Form a Bullish Attack 22/3/2022
CAD: Consolidating The Downtrend 22/3/2022
The Canadian dollar failed to retest the resistance of 1.2640 as we expected. Instead, we relied on the positive signs on the momentum indicator, explaining the idea of retesting the general bearish trend, recording the lowest price at 1.2565. Technically, by looking at the 240-minute chart, we notice that the …
Read More »GBP: Hits The Resistance, Negative Pressure Continues 22/3/2022
Oil, Crude, trading
Read More »The Euro Continues its Decline 22/3/2022
The single European currency was able to achieve the target required to be touched during the technical analysis of yesterday’s session, which is located at the price of 1.0990, recording its lowest price during the Asian session of the current session at 1.0981. Technically, today, and with a careful study …
Read More »The dollar is falling and the yen is near a 6-year low
The dollar fell against other major currencies as investors awaited comments from Federal Reserve Chairman Jerome Powell later on Monday, and other central bank policymakers this week for clues on monetary policy. Currency markets have been turbulent over the past month due to the financial fallout from Russia’s invasion of …
Read More »Yen starts another week under pressure with focus on central bank policies
The Japanese yen extended its decline on Monday as traders focused on a series of public statements by central bank policy makers globally this week including Federal Reserve Chairman Jay Powell later on Monday. The dollar rose slightly against the Japanese yen, as high as 119.3 yen, defying a six-year …
Read More »Dow Jones Continues to Advance 21/3/2022
Oil, Crude, trading
Read More »CAD: tests The Strength of The Corrective Movement 21/3/2022
Negative trading dominated the movements of the Canadian dollar at the end of the week’s trading, recording its lowest level around 1.2588 after it failed to maintain trading above the 1.2670 level. Technically, we find that the 14-day momentum indicator is trying to provide positive signals accompanied by the stability …
Read More »GBP: Needs to Monitor Price Behavior 21/3/2022
Oil, Crude, trading
Read More »The Euro is Facing Resistance And Negative Pressure Remains 21/3/2022
The EUR/USD ended its weekly trading below the psychological resistance level of 1.1100, which forced it to trade within the general bearish trend again. On the technical side today, looking at the 4-hour chart, we notice the continuation of the negative pressure coming from the 50-day simple moving average, which …
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