Tag Archives: dollar

The dollar jumped to a multi-week high against major currencies on Thursday, supported by expectations of bigger and faster interest rate hikes in the coming months. During the trading session in London, the dollar index consolidated at its highest level since mid-December, while the euro stumbled around a two-month low …

Oil, Crude, trading

The Canadian dollar built on a solid support floor published during the previous analysis at 1.2565, explaining that the mentioned level can push the pair upwards, targeting 1.2700, to record the highest level during the morning trading session at 1.2715. Technically, we tend to the upside, relying on the breaching …

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. …