The dollar fell from its highest in three and a half months today, Tuesday, as US Treasury yields stabilized, allowing gains for riskier currencies such as the British pound and the Australian and New Zealand dollars. The index measuring the strength of the dollar against a basket of other currencies …
Read More »Canadian Dollar Maintains Positive Stability
Positive trades are still dominating the Canadian dollar’s movements, maintaining the positive stability above the psychological barrier support level of 1.2600. Technically speaking, and with a closer look at the chart, we find the RSI continues to obtain bullish momentum on short time frames, settling above the 50 midline, in …
Read More »Cable Stable Below Support
Oil, Crude, trading
Read More »Oil Continues to Gain
Oil, Crude, trading
Read More »Euro Pressing Support
The bearish tendency continues to pressure the euro’s movements against the US dollar within a gradual decline to the downside, touching the first target to be achieved last Friday, 1.1920, to hit a low of 1.1898. On the technical side, today the intraday trading is witnessing stability below the previously …
Read More »Canadian Dollar Continue to Rise
Trading turned to the positive after the Canadian dollar managed to maintain the intraday trading level above the solid support floor located at 1.2600. In terms of technical analysis, the album we tend to be positive, depending on the stability of trading above the aforementioned support, accompanied by the positive …
Read More »Pound Hits Resistance
Oil, Crude, trading
Read More »Oil Continues The Bullish Rally
Oil, Crude, trading
Read More »The Euro Continues to Decline
The single European currency fell significantly against the US dollar within the expected negative outlook, touching the second official station mentioned in the previous analysis at 1.1975, to record its lowest level during early trading for the current session at 1.1950. Technically speaking, the pair succeeded in confirming the breach …
Read More »Currencies Overview: The US Dollar Consolidates Before The US Federal Reserve’s Speech
The dollar reached its highest level against the yen in 7 months today, Thursday, as it received support from a more regular rise in US Treasury yields ahead of a speech by Jerome Powell, the head of the US Federal Reserve, that may determine the direction the global currency and …
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