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Oil, Crude, trading
Read More »The British pound is hovering around the resistance
The Canadian is hovering around the support
The Canadian dollar failed to confirm breaching the psychological resistance level of 1.2500, which we mentioned during the previous analysis. Instead, it represents the key to the beginning of a bullish bias, which forced the pair to trade negatively again, recording the lowest level at 1.2434. Technically, today, and carefully …
Read More »Oil touches the first target of the downside correction
Oil, Crude, trading
Read More »The euro continues to decline to the downside
The single European currency continues to creep negatively against the US dollar, within the expected bearish context, gradually approaching the first target of 1.1500, recording its lowest price at 1.1524. Technically, the current moves are witnessing a slight bullish slope due to the positive signals coming from the RSI on …
Read More »Currencies Overview: The Japanese Yen is The Biggest Loser
The Japanese Yen recorded a substantial decline in trading today, Tuesday, and the major currencies were most affected by losses of about 1.59%, influenced by the Japanese prime minister’s statements earlier today. He stressed that his government prefers the weak Japanese yen. During his remarks on Tuesday, Japan’s new Prime …
Read More »The Canadian Dollar Trying to Build on Support
The Canadian dollar found an excellent support floor around the support level posted during the previous analysis at 1.2445, forcing it to retest the previously broken support level and now turn into the 1.2500 resistance level. Technically, and by carefully looking at the chart, we notice that the stochastic indicator …
Read More »GBP is Waiting For Pending Orders
Oil, Crude, trading
Read More »Crude Oil May Start a Bearish Correction
Oil, Crude, trading
Read More »The Euro Begins With Negative Pressure on Support
Quiet trading dominated the euro’s movements against the US dollar within the general bearish path, recording its lowest level at 1.1540 and starting today’s session by pressing the mentioned level. Technically, and by looking at the 240-minute chart, we notice the stochastic losing the bullish momentum, in addition to the …
Read More »The Dollar Hits Its Highest Level Against The Yen in Nearly 3 Years
The dollar rose to its highest level in nearly three years against the yen on Monday as investors remained confident that the Federal Reserve would announce a reduction in its massive bond purchases next month. Friday’s jobs data pushed up US bond yields and subsequently lowered the yen, which is …
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