Tag Archives: dollar

Oil, Crude, trading

The Canadian dollar succeeded in maintaining its gains within the bullish corrective slope mentioned yesterday, touching the first target for the bullish correction at 1.2480, recording the highest price at 1.3477. Technically, the current movements are witnessing stability for the pair above 1.2400, supported by the positive stimulus of the …

Oil, Crude, trading

Oil, Crude, trading

The euro declined noticeably against the US dollar during the last trading session, within the bearish context, as we expected, touching the first target 1.1560, approaching by a few points, at the second target 1.1500, to settle for recording the lowest price of 1.1525. Technically, and by looking at the …

The Canadian dollar continued moving within the bullish correction path we mentioned in the previous analysis, touching the first correction target at 1.2455, recording the highest level at 1.2457. Today’s technical aspect indicates the possibility of continuing the rise, relying on the positive motive of the 50-day moving average that …

Oil, Crude, trading

Oil, Crude, trading

The euro’s movements against the US dollar witnessed a bearish tendency, as we expected, to the downside, to reach its lowest level during the last session’s trading at 1.1560. Technically, the pair is now hovering near the resistance level of the psychological barrier at 1.1600. With a careful look at …

The dollar hovered near recent peaks against the euro and the yen on Wednesday as investors awaited the Federal Reserve’s start to scale back pandemic-era stimulus and how Chairman Jerome Powell handled inflationary pressures. The dollar index settled little changed at 94.11, close to the 2021 peak of 94.563 recorded …