Oil, Crude, trading
Read More »Crude Oil Continues to Decline
Oil, Crude, trading
Read More »The Euro Touches Goal And Negative Pressure Remains.
The single European currency declined significantly during the previous trading session, within the negative outlook, as we expected, touching the official target station at 1.1700. Technically, the pair succeeded in confirming the breach of the 1.1760 support level, which is now turned into a resistance level that supports the negativity …
Read More »US dollar Rose And New Zealand Dollar Fell Due to New General Isolation Measures
The New Zealand dollar fell to its lowest in nearly three weeks on Tuesday, August 17, after the country detected its first case of COVID-19 since February, prompting the government to announce new, short-term public isolation measures. The currency fell significantly in the early hours of trading in Asia, and …
Read More »The Canadian Maintains Its Gains
The Canadian dollar managed to maintain positive stability above the pivotal support level published during the previous analysis, located at the price of 1.2500, heading towards touching the first target of 1.2590, recording the highest price of 1.2598 during the early trading of the current session. Technically, the bullish trend …
Read More »Sterling Couldn’t Break Through
Oil, Crude, trading
Read More »Crude Oil: Negative Pressure Continues
Oil, Crude, trading
Read More »The Euro Waiting For Confirmation
The euro failed to achieve the required rise during the previous trading session against the USD after it found a strong resistance level around the psychological barrier of 1.1800. Technically, the euro starts pressing on the 1.1760 support level, and with careful consideration on the chart, the simple moving averages …
Read More »The US Dollar is Falling Due to Weak Consumer Sentiment
The US dollar settled near a one-week low against the other major currencies on Monday, August 16th, while declining US consumer sentiment hurt bets on an early Federal Reserve monetary policy tightening, while the yuan and Australian dollar fell after disappointing Chinese economic data. There was little change in the …
Read More »CAD is on a Narrow Path And Maintains Positive Stability
The Canadian dollar did not show any movement during the previous trading session and continues to maintain trading above the 1.2500 support level. Technically, the pair maintains stability above the pivotal support floor 1.2500, 38.20% Fibonacci correction, accompanied by stochastic attempts to gain additional momentum. Therefore, we will keep our …
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