Tag Archives: dollar

The Canadian dollar has restored the strong support level mentioned in the last report at 1.2500 and still seeks to maintain the bullish corrective slope stable above 1.2480. Technically and carefully looking at the 4-hour chart, we notice the arrival of the stochastic indicator around the overbought areas, in addition …

Oil, Crude, trading

Oil, Crude, trading

The single European currency extended its losses against the US dollar, within the descending wave that started several weeks ago, heading down, as we expected, approaching the awaited 1.1300, noting that breaking the 1.1400 level is the key to extending the decline. Technically, we find the euro settled below the …

The dollar was lower on Monday, retreating from a 16-month high, as traders looked for fresh clues about the Federal Reserve’s thinking about the timing of an interest rate hike. The dollar index, which measures the greenback against a basket of six other currencies, was down 0.1% at 95.073, retreating …

Oil, Crude, trading

The technical outlook is unchanged, and the movements of the Canadian dollar did not change, maintaining the positive stability within the bullish corrective path. Technically, and with the pair’s success in intraday stability above 1.2510, in addition to the stability of trading above the previously breached resistance level 1.2480 located …

Oil, Crude, trading

Oil, Crude, trading

The negative moves continue to dominate the euro against the US dollar within a gradual decline to the downside, heading to 1.1400, recording its lowest price at the end of last week’s trading at 1.1433. Technically, the bearish scenario is still the most preferred, based on the regularity of move …