Tag Archives: dollar

The dollar rose on Friday (April 30th), extending its gains after optimistic data on the income and spending of US consumers and the manufacturing sector in the Midwestern states. However, the dollar index ends April down 2.1, its biggest loss in one month since December. US data next week, including …

The Canadian dollar was able to touch the target to be achieved and mentioned in the previous report, located at 1.2275, recording its lowest level at 1.2275. Technically, and by looking at the 60-minute chart, we find the price is stable below the previously broken support-into-resistance level at 1.2330, accompanied …

Oil, Crude, trading

Oil, Crude, trading

Positive trades dominated the euro’s movements against the US dollar within the expected bullish path during the previous analysis, within a gradual rise towards the top, approaching the official target of 1.2170, recording its highest level during the previous session’s trading at 1.2150. Technically speaking, we are witnessing the current …

The Canadian dollar retreated significantly during the last session’s trading within the expected negative outlook, in which we relied on confirming a break of 1.2380, heading directly to touch our waited target at 1.2320, recording the lowest at 1.2310. Technically speaking, and with the Canadian dollar failing to maintain the …

Oil, Crude, trading

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 …