Tag Archives: dollar

Negative trades dominated the movements of the Canadian dollar, and to remind you, we previously mentioned that trading below 1.2300 increases the possibility of retesting the 1.2260 support level before rising again to make the pair succeed in touching the published target, recording the lowest 1.2250. Technically, the Canadian starts …

Oil, Crude, trading

The Euro hit the published pivotal resistance level that is required to be retested during the previous analysis at 1.1970, which still constitutes an obstacle for the pair, unable to breach it until now. Technically, we are inclined towards negativity in our trading, based on the negative pressure coming from …

The U.S. Dollar (USD) has recovered some of its losses on Wednesday, after rising earlier in the Asian and European sessions. The Dollar Index (DXY), which measures the greenback’s performance against a basket of six major international currencies, is down by 0.04% 91.72. Earlier today, the index fell as low …

Negative trading re-dominated the movements of the Canadian dollar during the previous trading session, negates the positive outlook, as we expected, in which we relied on trading stability above 1.2330, to record its lowest level at 1.2301. Technically, and with a closer look at the 4-hour chart, we find that …

Oil, Crude, trading

Oil, Crude, trading

Trades tended to the positive within the context of the retest that is required to be achieved on short intervals at 1.1975 so that the euro was satisfied with recording its highest level at 1.1952. Technically, and by looking at the chart, the 50-day moving average is still pressuring the …

The US dollar paused for breath on Tuesday, as traders awaited testimony by Federal Reserve Chairman Jerome Powell for more guidance on the recent sudden shift in central bank policy expectations. The dollar has made significant gains since the Federal Reserve indicated last week to raise interest rates earlier than …

The Canadian dollar traded with the first trading of this week within a slight bearish slope, after several consecutive sessions of corrective ascent. From the point of view of technical analysis today, and with careful consideration of the stochastic indicator, we find that the indicator is clearly trading around oversold …