Tag Archives: dollar

Positive trades dominated the Canadian dollar’s movements after attempts to build on the main support floor located at 1.2300, to return to the bullish rebound, retesting the resistance level of the psychological barrier 1.2400. Technically, and by looking at the chart with a 60-minute chart, we notice that the price …

Oil, Crude, trading

Oil, Crude, trading

The single European currency failed to confirm breaching the major resistance level published in the previous analysis, at 1.1680, over several consecutive sessions, which forced it to trade negatively again. Technically, and by looking at the 4-hour chart, we notice the trading stability below the psychological support level of 1.1600. …

Oil, Crude, trading

The pivotal support level mentioned in the previous analysis managed to limit the bearish tendency seen in CAD during the past week, to cap the bullish bounce within the expected technical outlook, through which we targeted a retest of 1.2380, recording a high of 1.2390. Technically, and by looking at …

Oil, Crude, trading

Oil, Crude, trading

We remained neutral during the last report due to the conflicting technical signals, clarifying that we are waiting for one of the directional keys that continue to dominate the euro against the US dollar. We find the price range sideways to the positive throughout several consecutive sessions, confined from below, …

The dollar fell against its rival currencies and is heading towards recording the second weekly decline in a row, due to news that the debt-laden Chinese Evergrande Group avoided a default that supported the appetite for high-risk assets. Concerns about the real estate developer group, whose debt is equivalent to …