Tag Archives: dollar

Positive trading dominated the movements of the Canadian dollar as we expected, in which we depended on successfully retesting the 1.2410 support level, approaching a few points from the first target of 1.2550, recording a high of 1.2540. Technically, the bullish trend is still the most likely, relying on the …

Oil, Crude, trading

Oil, Crude, trading

We adhered to intraday neutrality during the previous analysis, explaining that we are waiting to activate the sell orders, which depend on witnessing a breach of the 1.1820 level, in order to target the 1.1770 areas, so that the euro succeeds in touching the first target, recording the lowest price …

Oil, Crude, trading

During the last trading session, the Canadian dollar rose, touching the official target station in the previous analysis, located at 1.2520, to record its highest level at 1.2515. Technically, the current moves are witnessing a bearish slope due to the collision with the resistance level of the psychological barrier 1.2500. …

Oil, Crude, trading

Oil, Crude, trading

The technical outlook is unchanged, and the EUR has not changed much within a sideways bullish trend. However, technically, and with careful consideration of the 4-hour chart, we find a conflict between the positive motive coming from the 50-day moving average, which is trying to push the price to the …

The dollar stabilized against most currencies on Monday, as investors were cautiously overwhelmed by pandemic concerns, while they also awaited more indications of a global economic recovery before taking their next steps. With the market highly sensitive to any talk of an early easing of stimulus, US inflation data will …