The dollar rose while the euro fell, and the yen stabilized on Monday as markets calmed after the first shock of discovering a new coronavirus mutant. The mutant Omicron, which was first detected in South Africa, caused global concern, as financial markets fell on Friday, amid fears that its appearance …
Read More »Dow Jones is The Biggest Loser
Oil, Crude, trading
Read More »Canadian Dollar: Bullish Trend is The Most Preferred
The Canadian dollar continues to achieve gains within the expected bullish path, after it managed to establish a solid support floor around 1.2590, touching our target at the end of last week’s trading at 1.2770, recording a high around the resistance of the psychological barrier 1.2800. Technically, the bullish scenario …
Read More »Sterling Retests Resistance
Oil, Crude, trading
Read More »Oil Suffers Huge Losses
Oil, Crude, trading
Read More »The Euro Facing a Minor Correction
The single European currency managed to post good gains last week, building on a support level of 1.1200, which forced it to rebound within a limited upward slope to retest the 1.1330 resistance level. Technically, and by looking at the 4-hour chart, the stochastic is now moving around the overbought …
Read More »Dow Jones Starts The Session on Negative Side
Oil, Crude, trading
Read More »The Canadian Dollar Around Targets
The Canadian dollar successfully retested the 1.2640 support level, which maintained the positive stability of the pair once again to start its daily trading on an upward slope within the attempts to attack the resistance level 1.2730. From the technical analysis point of view, and carefully looking at the 4-hour …
Read More »The Sterling Breaks Support
Oil, Crude, trading
Read More »Oil is Back to Bearish Trend
Oil, Crude, trading
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