Tag Archives: dollar

Oil, Crude, trading

The euro continues to pressure the US dollar to continue achieving gains, heading to visit the first target mentioned in the previous analysis, located at 1.2000, posting a high of 1.2003. Technically, the pair met psychological barrier level to witness a slight bearish tendency, and with a closer look at …

The Canadian dollar continues to pressure the strong support level at 1.2990 within the continuation of the bearish path for the third consecutive session. Technically, with a closer look at the 4-hour interval chart, we notice the continuation of the negative pressure coming from the 50-day moving average, in addition …

Oil, Crude, trading

The single European currency was able to maximize its gains against the US dollar within the expected upward path, heading for touching the second official target of the current bullish wave at 1.1970, its highest level during the Asian session for the current week at 1.1974. Technically Speaking, and with …

The dollar fell in early trading in London on Friday and is heading to suffer a weekly loss against a basket of currencies, even though the stock market lost momentum as sentiment hurt from doubts about the AstraZeneca vaccine for Covid-19. The dollar has lost more than 2.2% since the …

The technical outlook remains unchanged, and the pair’s movements have not changed significantly for the second session in a row, maintaining negative stability. Technically, and with a closer look at the 4-hour chart, we notice the continuation of the negative pressure coming from the 50-day moving average, in addition to …

Oil, Crude, trading

The single European consolidated its gains against the US dollar, continuing its gradual rise to the upside. On the technical side, with the pair moving inside the bullish price channel shown on the chart, in addition to the positive stimulus from the simple moving averages. This encourages us to keep …

The dollar fell on Thursday, November 26, as negative US economic data and optimism about coronavirus vaccines prompted investors to turn to more risky currencies associated with global commodities and emerging markets. The British pound traded near its highest level in more than two months against the dollar, as investors …