Positive moves dominated the euro against the US dollar during the previous trading session. To remind us, we mentioned in the last report that the attempt to breach the resistance level at 1.2115 paves the way for the pair to retest the pivotal resistance level of 1.2175, recording a high …
Read More »Currencies Overview: The Dollar Trimmed Losses on Yields Rising
The dollar trimmed its losses in early European trade after reaching its lowest level in several years against the pound sterling and the currencies of Australia and New Zealand, as bond yields rose in light of progress in Corona’s immunization programs and expectations of an acceleration of economic growth and …
Read More »Canadian Dollar Maintains Bullish Direction
The technical outlook remains unchanged, and the pair’s movements have not changed significantly, maintaining the positive stability within the context of an upward correction. Technically speaking, we find the price is stable above the previously breached resistance level, which has now converted to the support level of 1.2660, and we …
Read More »Pound Looking For Confirmation
Oil, Crude, trading
Read More »Oil Breaks Support
Oil, Crude, trading
Read More »Euro Looking For Confirmation
The Euro found a solid support floor near the last official target to be achieved, located at 1.2020, which push it to bounce back up to restore the resistance level mentioned in the previous analysis at 1.2090. Technically speaking, and by looking at the 240-minute chart, we find the pair …
Read More »Currencies Overview: The Dollar is supported by strong US data and in formation near $ 52,640
The dollar traded at slightly less than its recent highs, Thursday, February 18th, after it made its first consecutive gains over two weeks, as optimistic data reinforced expectations that the US economy is recovering from the Coronavirus pandemic at a pace that it captured than its peers. Bitcoin traded near …
Read More »Canadian Dollar Touches First Target of Bullish Correction
The Canadian dollar provided positive trades during the previous trading session within the technique of re-testing the resistance indicated during the previous analysis at 1.2740, recording its highest level at 1.2746. Technically, we find the price is stable above the previously breached resistance level, which has now turned to the …
Read More »Pound Pressing Support
Oil, Crude, trading
Read More »Oil Retested Support
Oil, Crude, trading
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