Tag Archives: dollar

We adhered to intraday neutrality during the previous analysis due to the conflicting technical signals, explaining that activating the short positions depends on the confirmation of breaking the 1.2170 support level, which puts the price under negative pressure targeting 1.2120, to move the pair in a bearish context approaching the …

The technical outlook is unchanged, and the movements of the US dollar against the Canadian dollar have not changed significantly within sideways trading from the bottom above 1.2030 and from the top below 1.2130. Technically, we find the pair succeeded in building a base on the solid support floor 1.2030, …

Oil, Crude, trading

Oil, Crude, trading

The euro against the US dollar ended the previous trading session without a noticeable change within a sideways bias tilted to the negativity. Technically, and with a closer look at the 4-hour time chart, we find the SMA 50 continues to pressure the price from the top, supporting the occurrence …

The US dollar received support Thursday, May 27th from a belief that the US Federal Reserve is slowly but steadily moving toward a discussion of monetary tightening, while the yuan hit its highest level in three years. Investors are sharply reducing their purchases of dollars, as they expect the trade …

After several consecutive sessions of standing on the sidelines, the Canadian dollar’s ​​movements witnessed an upward corrective tendency during the previous trading session, explaining that re-activating the long positions requires stability of the price above 1.2070/1.2075 to target 1.2105 and then 1.2130 for the pair to succeed in reaching its …

Oil, Crude, trading

Oil, Crude, trading

The euro found a strong resistance level during the previous trading session at 1.2170, which managed to limit the bullish tendency to force the euro to retest the support level of 1.2170. Technically, and with a closer look at the 4-hour time frame, we find the 50-day moving average began …