Tag Archives: dollar

The single European currency continued its quiet trading in a bearish context, as we expected it gradually approached the first official target published during the previous analysis, 1.1975, to record its lowest price during the previous session at 1.1984. On the technical side, today we witness a stability of the …

The dollar tried to extend its gains Wednesday May 5th amid talk of a possible US interest rate hike and a wave of tech stocks selling undermining risk appetite. Yesterday’s recovery in the dollar pressured the euro, which fell to $1.2021 and threatens to break an important support range between …

The consolidation scenario published in the previous analysis succeeded in supporting the Canadian dollar’s attempts to rise, touching the first target 1.2310, and approaching a few points difference from the second target 1.2375, to record the highest around the previously breached support level and turned into the resistance level at …

Oil, Crude, trading

Oil, Crude, trading

The Euro is still trading calmly within a bearish context, as we expected, after it hit the strong resistance published in the previous analysis, located at 1.2065, which forced it to trade negatively, and gradually approached our target. Technically, we will maintain our negative outlook, relying on the negative pressure …

The dollar has turned higher in Asian trading, halting a month-long downturn, as investors are working to see if the major US economic recovery may push interest rates higher, as they await upcoming economic data and policy speeches for indicators. The US currency rose 0.2% against the yen, euro and …

The technical outlook remains unchanged and the pair’s movements have not changed significantly. Technically, we notice the positive attempts of the Canadian dollar to settle above 1.2265, accompanied by the positive crossover signals that began to appear on the stochastic indicator. This makes us think of the possibility of witnessing …

Oil, Crude, trading

Oil, Crude, trading