Tag Archives: dollar

Oil, Crude, trading

The Canadian dollar maintained its gains within the expected positive outlook during the last analysis, touching the target to be achieved last Friday at 1.2850, recording its highest level at 1.2854. Technically, still witnessing intraday stability above the psychological barrier of 1.2800, accompanied by positive stimulus from the 50-day moving …

Oil, Crude, trading

Oil, Crude, trading

The single European currency ended last week’s trading sessions sideways, trying to rise. However, attempts are still limited due to the price stability below the 1.1375 resistance level. Technically, and by looking at the 4-hour time frame, we notice intraday trading stability above the 50-day moving average, which meets around …

The dollar rose on Friday against most major currencies, as traders positioned themselves ahead of the release of crucial US jobs data that could pave the way for an early Federal Reserve interest rate hike. The dollar index, which measures the performance of the US currency against six other major …

The technical outlook is unchanged, and the pair’s movements did not change significantly, maintaining the expected bullish path after building a good support floor around 1.2760 and, most importantly, 1.2730. Technically, the bullish trend is still valid, depending on the stability of daily trading above the strong support level at …

Oil, Crude, trading

Oil, Crude, trading

The technical outlook is unchanged, maintaining the negative stability against the dollar, witnessing intraday movements stable below 1.1330. On the technical side, the daily moves of the euro against the US dollar are stable below the resistance level of 1.1380. We notice the negative signs that started appearing on the …