Positive trading dominated the Euro’s movements against the US dollar yesterday, after the European Central Bank President’s statements, reaching its highest level at 1.1692. On the technical side, the intraday trading stability is above the previously breached resistance 1.1640, represented by the 23.60% Fibonacci correction that supports the rise and …
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Oil, Crude, trading
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Oil, Crude, trading
Read More »CAD Built on Support And Eyes on BoC
The Canadian dollar built on the support published in the previous analysis at 1.2350, retest the resistance level of the psychological barrier 1.2400, recording the highest level at 1.2399. Technically, and carefully looking at the 4-hour chart, we notice the return of the simple moving averages to hold the price …
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Oil, Crude, trading
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Oil, Crude, trading
Read More »The Euro Below Resistance
Quiet trading dominated the euro’s movements against the US dollar within the expected bearish context, and the technical outlook did not change much. Technically, and by looking at the 4-hour chart, we notice the trading stability below the 1.1640 resistance level represented by the 23.60% Fibonacci correction as shown on …
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Oil, Crude, trading
Read More »Canadians Building on Support
Positive trades dominated the Canadian dollar’s movements after attempts to build on the main support floor located at 1.2300, to return to the bullish rebound, retesting the resistance level of the psychological barrier 1.2400. Technically, and by looking at the chart with a 60-minute chart, we notice that the price …
Read More »The British Pound is Facing Negative Pressure
Oil, Crude, trading
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