Quiet trading for the euro against the US dollar tended to the downside, trying to settle above our last target at 1.1700, to witness a temporary bullish bias aimed at retesting 1.1740. Technically, and by looking at the 240-minute chart, we find the stochastic started losing the bullish momentum gradually, …
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The Canadian dollar achieved substantial gains last week, touching the first target required to be achieved in the previous analysis, which is located at 1.2770, to start its daily movements positively, recording the highest 1.2800. Technically, today, the bullish trend is still valid and effective, relying on the stability of …
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Oil, Crude, trading
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Oil, Crude, trading
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The single European currency faced intense selling pressure at the end of last week’s trading within the bearish context, as we expected, touching the second official leg of the current downside wave at 1.1700, recording the lowest level at 1.1708. Technically, the negative pressure coming from the 50-day moving average …
Read More »The dollar settled near three-week highs on Friday, September 17, after better-than-expected US retail sales data boosted bets on the strength of the US economy and the prospects of abandoning its stimulus program sooner than expected. The euro rebounded, recording $1.1783, but it remains close to a three-week low. US …
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The Canadian dollar maintained its positive stability above the pivotal support level published during the previous report, at 1.2600, to return to test the resistance level of the psychological barrier of 1.2700. Technically, we see the pair now hovering around the 1.2665 resistance level represented by the 61.80% Fibonacci, trying …
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Oil, Crude, trading
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Oil, Crude, trading
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Negative trading dominated the single European currency during the previous trading session, within the expected bearish path, touching the first target at 1.1750, recording the lowest price of 1.1750. Technically, and with careful consideration of the 4-hour chart, we find the simple moving averages continuing their negative pressure on the …
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