Tag Archives: dollar

We committed to intraday neutrality during the previous analysis due to the conflicting technical signals to witness the Canadian dollar’s trading a sideways context trapped from below above the support level of 1.2470 and from above below the resistance level at 1.2555. Technically, by looking at the 60-minute chart, we …

Oil, Crude, trading

Oil, Crude, trading

Quiet trading dominated the movements of the euro against the US dollar during the previous trading session, as the pair found a strong resistance level around 1.2065. On the technical side today, the intraday trading is still stable below the resistance level of 1.2065 Fibonacci retracement of 38.20%, as we …

The Canadian dollar was able to achieve the target of retesting the resistance published during the previous analysis at 1.2660, to hit its highest level at 1.2655. Technically speaking, we find the pair declined significantly after touching the pivotal resistance represented by our previous goal of re-testing the 1.2460 support …

Oil, Crude, trading

Oil, Crude, trading

The Euro approached the target mentioned in the previous analysis at 1.1970, reaching a low of 1.1998. Technically speaking, we find that the pair managed to find decent support around the psychological barrier of 1.2000 within attempts to rise again. With a closer look at the 240-minute chart, we find …

The dollar weakened on Wednesday April 21, hovering just above the lowest level in seven weeks in light of the decline in US bond yields, which reduced the demand for currency returns. The US currency, which is considered a safe haven, has received some support from the decline in global …

Positive trading dominated the Canadian dollar’s ​​movements yesterday within the expected bullish path, in which we depended on the breach of 1.2550, indicating that this is a catalyst that strengthens the bullish chances of touching the first target of 1.2610, recording a high of 1.2623. Technically, and with a closer …