The pair saw some positive attempts during previous trading, but is still limited. Technically, looking at the 60-minute chart, we find the beginning of the positive signs for the pair with the RSI indicator trying to obtain bullish momentum supported by the intraday stability above 1.3160. We tend to be …
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Oil, Crude, trading
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The Euro achieved remarkable gains yesterday against the US dollar, nullifying the negative outlook as we expected, looking to the stability of trading below 1.1750, as a reminder that we indicated during the previous analysis that trading above 1.1750 will stop the downward trend and lead the pair to an …
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We stood neutral in the previous analysis due to the contradictory technical signals. The pair started the first weekly trading with a bearish bias. From a technical point of view, looking at the 4-hour chart, we find a bearish technical structure that supports the continuation of the decline, with the …
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Oil, Crude, trading
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The pair was able to retest the 1.1750 resistance level, which was an obstacle in its path, which forced it to move within an expected bearish path. Technically, the intraday moves are witnessing stability below the 1.1720 resistance level, accompanied by the continuation of the negative pressure coming from the …
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The yen rose and the dollar is heading to achieve its best weekly performance this month today, Friday, as the rise in cases of Coronavirus and the stalled progress towards providing American stimulus caused investors’ appetite for safe assets. In light of the application of new restrictions to combat the …
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The pair rallied significantly yesterday, after several successive sessions of moving within a weak sideways. To be reminded, we indicated during the previous analysis that the confirmation of the breach of the resistance level of 1.3175 is capable of releasing the pair from the sideways range and pushing the price …
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Oil, Crude, trading
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We were on the sidelines during the previous report, indicating that we are waiting for confirmation of the pair breaking the 1.1720 support level, and the following moves will witness consolidation below the mentioned level. Technically, with trading remaining below 1.1720, the 23.60% retracement as shown on the chart, in …
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