Mixed trades dominated the movements of the euro against the US dollar during the previous trading session, heading to touch the first target 1.2150 and approached a few points difference from the second target 1.2110, to record its lowest level at 1.2130. Technically, and with a closer look at the …
Read More »New Strain of Coronavirus Putting Pressure on Pound
The British pound and the euro fell on Monday, as investors searched for a safe haven in the dollar after a new fast-spreading strain of the Coronavirus caused the closure of most parts of Britain and disrupted international shipping activity in light of the fog surrounding Brexit from the European …
Read More »Canadian Dollar Starts on The Positive Side
The support levels published during last week’s reports located at the price of 1.2700 were able to limit the bearish bias that continued for several sessions in a row, to find that the pair succeeded in building a base on the aforementioned level within the bullish correction scenario published during …
Read More »Pound Gives Up Gains
Oil, Crude, trading
Read More »Oil Retest Support
Oil, Crude, trading
Read More »Euro Facing Temporary Negative Pressure
Negative trading dominated the movements of the single European currency within the bearish corrective tendency referred to during last Friday’s report, touching the required retest target of 1.2190, to record its lowest level during early trading for the current session at 1.2178. Technically, and with a closer look at the …
Read More »US Dollar Increases Its Losses After a Week of Decline
The dollar exacerbated its losses, after a week of declining pushing it to its lowest level in two and a half years, as its decline attracted more short sellers seeking to make an easy profit. The dollar index recovered during the session and rose in recent trading 0.2% at just …
Read More »Canadian Dollar Found Solid Support Floor
The pair found a solid support floor around the support level of the psychological barrier mentioned during the previous analysis at 1.2700, to start its daily trading with a slight upward slope. Technically speaking, we tend to be positive in the coming hours, relying on trading stability above 1.2700 in …
Read More »Pound Retsting Support
Oil, Crude, trading
Read More »Oil Looking For Extra Momentum
Oil, Crude, trading
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