Tag Archives: dollar

Oil, Crude, trading

We committed to intraday neutrality in the previous analysis, explaining that for the continuation of activating long positions, we must witness an increase above 1.2060 for the pair to successfully retest the aforementioned support and start the bullish rebound again. Technically, and with a closer look at the chart, we …

The dollar rose slightly on Wednesday as all eyes turned to the US Federal Reserve’s policy statement and a speech by President Joe Biden later on Wednesday regarding trends in hopes that this will increase the scope for the currency’s recovery after a month of decline. The dollar index recorded …

The bearish context is still dominating the Canadian dollar’s moves after it failed to stabilize above 1.2450/1.2460. Technically, and by looking at the 60-minute chart, we find that the simple moving averages continue to pressure the price from the top and support the bearish price curve, and we find the …

Oil, Crude, trading

Oil, Crude, trading

The euro traded quietly against the US dollar within sideways trading, through which the pair succeeded in re-testing the support level mentioned in the previous analysis at 1.2060. Technically speaking, by looking at the 4-hour chart, we find the euro is stable intraday above 1.2060 Fibonacci retracement 38.20% and generally …

The dollar hovered above its lowest level in weeks against other major currencies today, Tuesday, under pressure from weak US Treasury yields ahead of the Federal Reserve’s policy decision this week, while the yen was little changed after the Bank of Japan kept interest rates unchanged. The dollar, which is …

The Canadian dollar fell significantly against its US counterpart, touching the official target during the previous analysis, located at 1.2380, recording a low of 1.2380. Technically speaking, and by looking at the 60-minute chart, we find the simple moving averages continue to pressure the price from the top and support …

Oil, Crude, trading