Trades tended to the positive within the expected bullish corrective tendency during the previous session, approaching by a few points from the required target 1.2100, to record the highest at 1.2093. Technically, the pair found a strong resistance level represented by our target, which forced the pair to trade negatively …
Read More »The Pound Touches The Target And Negative Pressure Remains
Oil, Crude, trading
Read More »Crude Oil Attacks $69.00 And Positivity Remains
Oil, Crude, trading
Read More »The Euro is Finding It Difficult to Break The Resistance
EUR/USD witnessed a bullish bias during the previous trading session, but still a limited bullish, so far the pair has found it difficult to breach the resistance level published in the previous analysis 1.2245, which we explained as one of the conditions for the continuation of the rise. Technically, by …
Read More »The Dollar Catches a Breath After The Growth of US Industrial Production
The dollar clung to its slight gains during Wednesday, June 2, rising from its lowest levels in nearly five months against other major currencies, as the improvement in industrial production in the United States led to continued speculation that the Federal Reserve would return to adopting usual policies quickly. The …
Read More »Canadian Dollar: Rebounds After Touching Goal
The Canadian dollar was able to touch the official target of the current downside wave, which is located at the price of 1.2000, to reach the lowest, during the trading of the previous session 1.2000. From the technical point of view, the Canadian dollar rebounded, as a result of building …
Read More »The Pound Trading Negatively, Stable Below Resistance
Oil, Crude, trading
Read More »Oil Continues to Gain
Oil, Crude, trading
Read More »The Euro is Waiting For a New Signal
The movements of the euro against the US dollar witnessed a bullish bias during the previous trading session, but still a limited bullish, so far the pair has found it difficult to breach the resistance level published during the previous analysis 1.2245, which we explained as one of the conditions …
Read More »Dollar Falls And Yuan Stabilizes After The People’s Bank of China Intervened to Curb Gains
The dollar hovered near a five-month low on Tuesday, June 1 as investors awaited eurozone inflation data and the US manufacturing sector survey, while the yuan stabilized after China’s central bank adopted steps to stem its rally. The dollar index returned to decline from the level of 90 in European …
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