Tag Archives: dollar

Oil, Crude, trading

The positive attempts of the euro against the US dollar continue for the second consecutive session, trying to move away from the psychological support level of 1.1300 and, most importantly, 1.1280. Technically, looking at the 4-hour chart, we notice positive crossover signs that started appearing on the stochastic indicator. By …

The dollar rose somewhat on Monday as expectations increased that US inflation would support the prospects of a US interest rate hike, while the European Central Bank’s dovish stance weighed on the Euro lower. The dollar witnessed selling at the end of last week due to weaker-than-expected data on new …

Oil, Crude, trading

We adhered to intraday neutrality during the previous analysis due to the conflicting technical signals, clarifying that the bearish trend depends on confirming the break of 1.2700 to target 1.2630. As a result, the pair recorded its lowest price at 1.2630. Technically, the bearish technical structure shown on the 240-minute …

Oil, Crude, trading

Oil, Crude, trading

Positive trading dominated the euro against the US dollar, but it is still limited within a sideways range between the support level of 1.1300 and below the main resistance level of 1.1380. Technically, looking at the 4-hour chart, we notice that the price is moving above the 50-day moving average, …

Oil, Crude, trading

The Canadian dollar declined after it hit the resistance of the psychological barrier 1.2800 and failed to stabilize for a long time above it, return to trading with a clear negative and retest the support level of the psychological barrier 1.2700. Technically, by carefully looking at the 4-hour chart, we …