Oil, Crude, trading
Read More »Oil Continues to Make Gains
Oil, Crude, trading
Read More »Euro Touching Targets of Downside Correction
The euro declined significantly against the US dollar, continuing the downward correction as we expected during the previous analysis, touching the official target to be achieved at 1.1970, to record its lowest level during the Asian session for the current session at 1.1952. Technically speaking, and with the pair’s failure …
Read More »Currencies Overview: US Dollar Rising on Optimism And Pound Awaits BoE Meeting
The dollar rose to its highest in more than two months against the euro and the yen on Thursday (February 4th), as pessimism about the outlook for the US economy subsided before the publication of important data on the jobs market. The pound fell against the dollar, but it is …
Read More »Canadian Dollar: Struggling for a Bullish Correction
The Canadian dollar managed to retest the support level 1.2760, to start its daily trading positively again. Technically, we find the pair maintains positive stability above the support floor of 1.2760 supported by the stochastic obtaining signs of a positive crossover, coinciding with the current attempts of the RSI to …
Read More »Pound Breaks The Support
Oil, Crude, trading
Read More »Oil Retest Support
Oil, Crude, trading
Read More »Euro Continues to Decline And Negativity Persists
The euro continues its bearish path against the US dollar, continuing its negative crawl towards the second official leg of 1.2000. On the technical side today, and with a closer look at the 240-minute chart, we find that the moving average continues to support the bearish curve of prices, and …
Read More »The Dollar Holding Its Gains on Recovery Hopes
The dollar rose to a two-month high against the euro on Tuesday as markets believed the United States’ recovery from the coronavirus pandemic would likely be faster than Europe. This view was reinforced by moves in Washington towards more stimulus spending, in contrast to European closures and expectations of a …
Read More »Canadian Dollar: Chances to Upside
The Canadian dollar continues its attempts to maintain the positive stability above the support level of 1.2710 for the third session in a row. Technically speaking, we find the pair maintains positive stability above the support floor of 1.2710 supported by the stochastic obtaining signs of a positive crossover, coinciding …
Read More »