Tag Archives: dollar

The Canadian dollar jumped, achieving the bullish scenario as we expected. We relied on trading stability above the solid support floor 1.2600, heading towards touching 1.2720, recording the highest price at 1.2762. Technically, by looking at the 4-hour chart, we find the simple moving averages continue to hold the price …

Oil, Crude, trading

Oil, Crude, trading

The euro managed to touch the first bearish target published in the previous analysis at 1.1800 to record its lowest level at 1.1802. Today, the technicals indicate the possibility of resuming the decline due to the continuation of the negative pressure coming from the 50-day moving average and the stability …

The US dollar continued to rise during trading on Wednesday for the third consecutive day, after the strong decline that it recorded at the end of last week, on the back of negative economic data in the United States last August. The statements of the members of the US Federal …

Positive moves regained control of the Canadian dollar after building a solid support floor located at 1.2550 to succeed in retesting the resistance level of 1.2660. Technically, the pair continues to obtain positive stimulus from the simple moving averages that support the bullish price curve, in addition to the RSI …

Oil, Crude, trading

Oil, Crude, trading

Negative trading dominated the euro’s movements against the US dollar during the previous trading session. It failed to breach the pivotal resistance level at 1.1880, which forced it to trade negatively to retest the 1.1845 support level. On the technical side today, we find the euro starting to press on …

The dollar found support on Tuesday, September 7th, as investors awaited the European Central Bank meeting and US data to learn about policy expectations, while the Australian dollar rose briefly after the Reserve Bank of Australia stuck to its plans to reduce bond purchases. The US currency curbed the euro …