The US dollar rebounded to its most recent 14-month high, as the Federal Reserve’s latest meeting minutes reinforced expectations of a US interest rate hike in March. The minutes of the US central bank’s meeting in December revealed that officials discussed reducing the bank’s total holdings and raising interest rates …
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The Canadian dollar built on the pivotal support floor published during yesterday’s analysis, at 1.2670, which forced the pair to rebound to the upside to retest the psychological resistance level of 1.2800. technically, with the positive motive for the 50-day moving average, which returned to hold the price from below, …
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Oil, Crude, trading
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Oil, Crude, trading
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The single European currency witnessed attempts to rise during yesterday’s trading session, but there are still limited gains, recording the highest level at 1.1346, trying to build on the 1.1270 support level. Technically, by carefully looking at the 240-minute chart, we notice that the 50-day moving average is still a …
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Oil, Crude, trading
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We adhered to intraday neutrality during the previous analysis due to the conflicting technical signals, explaining that activating the short positions depends on trading below the strong demand level of 1.2700. We are witnessing a negative trading session with the initial target of retesting 1.2640. CAD is recording its lowest …
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Oil, Crude, trading
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Oil, Crude, trading
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The single European currency traded within the same expected price range during the previous analysis, maintaining negative stability below the 1.1330 resistance level, unable to penetrate it so far. The technical aspect today indicates the possibility of continuing the decline. With a careful look at the 4-hour chart, we find …
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