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 …
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Oil, Crude, trading
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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 …
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Oil, Crude, trading
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Oil, Crude, trading
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The Euro started pressure on the solid support level at 1.1280 in a negative trading session yesterday, after the single European currency found selling orders at the main supply point 1.1380. Technically, and by looking at the 4-hour chart, we notice the negative pressure coming from the simple moving averages. …
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The dollar is set for its best weekly performance in a month against other major currencies on Friday, as the global reserve currency maintained its strength amid a sell-off of riskier assets in the markets. Investor sentiment has been affected in recent days by weak economic data, spreading inflation and …
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The Canadian dollar is trying to build on the pivotal demand point published during all reports of the current week, located at the price of 1.2465/1.2460, which is trying to protect the pair from achieving more declines and forcing it to retest the 50-day moving average around 1.2540 resistance level. …
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Oil, Crude, trading
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Oil, Crude, trading
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