Tag Archives: dollar

The Canadian dollar found a strong resistance near 1.2720, which forced it to trade negatively again, approaching a retest of the pivotal support level 1.2580, to record its lowest level at 1.2600. Technically, and by looking at the 4-hour chart, we find the 50-day moving average starting to pressure the …

Oil, Crude, trading

Oil, Crude, trading

The euro witnessed positive trading at the end of last week, supported by the decline of the US dollar to end its trading above 1.1770/1.1780. Technically, and carefully considering the 4-hour chart, we find the simple moving averages returned to hold the price from below, supporting the end of the …

The dollar stabilized as investors awaited a highly anticipated speech by US Federal Reserve Chairman Jerome Powell, while analysts now doubt that the central bank chief will hint at a possible date to start reducing asset purchases. The focus of the market this week is on the signals that the …

The dollar rose slightly in early European trade on Thursday but remained near a one-week low amid good risk appetite ahead of the Federal Reserve’s Jackson Hole keynote. the US Dollar Index, which measures the greenback against a basket of six other currencies, was up 0.1% at 92.930, after falling …

The technical outlook is unchanged, and the pair’s movements did not change significantly, maintaining the positive stability above the support level published in the previous analysis at 1.2580. Technically speaking, and by looking at the 60-minute chart, we find that the RSI started sending positive signals, accompanied by the pair’s …

Oil, Crude, trading

Oil, Crude, trading

Quiet sideways trading tends to be positive, which dominated the euro against the US dollar, within a gradual upward bias that aimed to retest the strong resistance level at 1.1770. Technically, the current movements of the euro are witnessing stability below 1.1770/1.1780, and with careful consideration of the chart, we …