Tag Archives: dollar

Trading tended to the negative, which dominated the movements of the Canadian dollar during the previous trading session after it found a strong resistance level around 1.2700. Technically and carefully looking at the 240-minute chart, we find signs of negativity starting to appear on the stochastic indicator, in addition to …

Oil, Crude, trading

Oil, Crude, trading

The euro managed to achieve the negative outlook as expected, touching the first official target that must be gained during the previous analysis at 1.1765, recording the lowest price at 1.1770. On the technical side, the current moves are witnessing a slight bullish slope due to taking advantage of the …

The dollar started a data-packed week on the rise, with the immediate focus shifting to US inflation data, but investors are also concerned that the US Federal Reserve is preparing to exit its hyper-supportive stance even as COVID-19 infections rise. The dollar rose in Asian trading after recording its best …

During the previous analysis, the Canadian dollar retested the required support level at 1.2580, recording a low at 1.2600, benefiting from the retest scenario published in the last analysis to rebound and retest 1.2720 resistance. Technically, and carefully looking at the 240-minute chart, we find prices stable above 1.2670, 61.80% …

Oil, Crude, trading

Oil, Crude, trading

The resistance levels mentioned in the previous analysis at 1.1840 were able to limit the bullish bias witnessed by the euro at the end of last week’s trading, forcing it to retest the first target of 1.1800. On the technical side today, the intraday stability is below the resistance level …

The dollar fell as growth-linked currencies rose after the Chinese yuan climbed to a one-week high on news that US President Joe Biden and Chinese leader Xi Jinping spoke for the first time in seven months. The White House said in a statement that Biden and Xi had a “broad …