Tag Archives: dollar

The Canadian dollar found an excellent support floor around the support level posted during the previous analysis at 1.2445, forcing it to retest the previously broken support level and now turn into the 1.2500 resistance level. Technically, and by carefully looking at the chart, we notice that the stochastic indicator …

Oil, Crude, trading

Oil, Crude, trading

Quiet trading dominated the euro’s movements against the US dollar within the general bearish path, recording its lowest level at 1.1540 and starting today’s session by pressing the mentioned level. Technically, and by looking at the 240-minute chart, we notice the stochastic losing the bullish momentum, in addition to the …

The dollar rose to its highest level in nearly three years against the yen on Monday as investors remained confident that the Federal Reserve would announce a reduction in its massive bond purchases next month. Friday’s jobs data pushed up US bond yields and subsequently lowered the yen, which is …

The Canadian dollar declined noticeably within the expected negative outlook last Friday, surpassing the official target station at 1.2500 to record the lowest level of 1.2450. Technically, the intraday trading stability is below the previously broken support level, which is now turned to the 1.2500 resistance level, accompanied by the …

Oil, Crude, trading

Oil, Crude, trading

The single European currency achieved some limited gains, taking advantage of the US employment data that came on the lower side, recording limited gains around 1.1586 areas. Technically, and by looking at the chart  240-minute chart, we notice the stochastic losing the bullish momentum, in addition to the pair’s continuing …

The dollar rose against the major currencies, but within a narrow range, as traders awaited the monthly jobs report for clues on the pace of the return of the Federal Reserve’s policies (the US central bank) to normalcy. The dollar index, which measures the performance of the US currency against …