Negative trading dominated the moves of the euro against the US dollar yesterday within retesting the support published in the previous analysis, touching the first required target at 1.2100 and approaching a few points difference at the second target 1.2065, to record its lowest level during the previous session 1.2077. …
Read More »US Dollar Near Its Lowest Level Since 2018
The US dollar index settled near its lowest level in two and a half years during trading on Monday after weak US jobs data. while the British pound fell as Britain and the European Union made a final attempt to reach a trade deal. In the US, jobs data on …
Read More »US Dollar Index Continues Moving Towards Its Two And a Half Year Low
The US dollar index on Monday, December 7, remained near a two-and-a-half-year low it reached on Friday, as weak US job data boosted expectations for economic aid, while the British pound fell as Britain and the European Union embark on a final attempt to strike a trade deal. Fears are …
Read More »Canadian Dollar Continues to be Negative
The Canadian dollar retreated significantly during last week’s trading, touching the target levels for the current bearish wave at 1.2785, recording its lowest level at 1.2772. On the technical side, Stochastic is trading near oversold areas, and on the other hand, we find the RSI and the simple moving averages …
Read More »Oil Keeps The Upward Path
Oil, Crude, trading
Read More »Euro May Have a Temporary Decline
After several consecutive sessions of rise, the single European currency found a strong resistance level around 1.2180, which we referred to in the previous analysis as a prerequisite for continuing the required rise. On the technical side, the pair started its first weekly trading on a slight bearish slope, and …
Read More »Euro Breaking Through Resistance levels And Dollar Near Its Lowest Level in Two And a Half Years
Today, Friday, the euro is heading towards recording its best weekly performance in a month and breaching large previous resistance levels as investors flock to bet that the US dollar will decline further as the world begins emerging from the Covid-19 pandemic. And the single European currency is up 1.5% …
Read More »Canadian Dollar Breaks Support
Negative trading continues to control the Canadian dollar’s movements, after several consecutive sessions in which we await confirmation of a break of 1.2920, showing that this leads the pair to resume the downside path with targets of 1.2870, then 1.2830, to record its lowest level at 1.2847. Technically, and with …
Read More »Oil is Consolidating Its Gains And Remains Positive
Oil, Crude, trading
Read More »Euro Continues to Rally, Eyes on Employment Data
The euro continues to maintain its gains against the US dollar over several sessions in a row, heading to visit the first goal to be achieved during the previous session at 1.2150, and approaching a few points difference from the second target of 1.2180, to record a high of 1.2175. …
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