Tag Archives: dollar

The Canadian dollar’s ​​efforts continue to maintain the bullish trend within a gradual rise to the downside, approaching our first target required to be achieved during the previous analysis, 1.2680, recording the highest of 1.2675. Technically speaking, we find that the pair maintains stability above the 50-day moving average that …

Oil, Crude, trading

Oil, Crude, trading

We committed to intraday neutrality during the previous analysis due to the conflicting technical signals, The re-activation of the short positions needs to witness the return of the price below the 1.2065 level. On the technical side, today the euro resumed its decline after finding a strong resistance level around …

The dollar, which is generally considered a safe haven, remained weak on Wednesday, March 3rd, as Treasury yields continued to decline, restoring some calm to global markets and sparking renewed demand for riskier assets. Riskier currencies, including the Australian dollar and the Norwegian kroner, held onto the two-day streak of …

Mixed trades dominated the Canadian dollar’s movements during the previous trading session and is still confined, from the bottom above 1.2600 and from the top below 1.2700. Technically speaking, the pair is turning around the support level at 1.2640, trying to build a base above the 50-day moving average. We …

Oil, Crude, trading

Oil, Crude, trading

The Euro found a solid support floor around the psychological barrier of 1.2000, which forced it to the noticeable bullish rebound to retest the 1.2065 resistance level again. Technically speaking, and with a closer look at the 4-hour chart, we find that the 50-day moving average remains a hindrance to …

Oil, Crude, trading