Tag Archives: dollar

The Euro succeeded in establishing a decent support floor near 1.1820, as the pair successfully returned the aforementioned support level, ending the week above 1.1820. Technically, and with a closer look at the 60-minute chart, we find that the simple moving averages are still holding the price from below and …

The dollar rose today, Friday, against a basket of currencies in early trade in London, reversing its downward trend when US Treasury Secretary Stephen Mnuchin called for an end to some emergency lending by the Federal Reserve (US Central Bank). Mnuchin’s move reallocates about $ 455 billion directed to the …

The Canadian dollar failed to confirm the breach of the resistance level of 1.3120, and the current moves are witnessing stability below the aforementioned level, stabilizing around its lowest level during the early trading at 1.3160. From the angle of technical analysis today, with the stochastic gradually losing the bullish …

Oil, Crude, trading

The pivotal support levels mentioned during the previous analysis, located around 1.1820, were able to limit the bearish bias, within the scenario of re-testing the required support. technically, Euro seen rising again, benefiting from the aforementioned support levels, and the pair is now hovering around the 1.1880 resistance level. Looking …

The dollar rose Thursday, November 19, as widespread optimism about COVID-19 vaccines met with concerns about rising numbers of cases and risks to a fragile global economic recovery. The dollar has also been caught between opposing powers, as it received support from seeking safe haven purchases while fresh speculation about …

The Canadian dollar retreated, maintaining the negative bias, heading to touch the first target to be achieved, located at 1.3045, posting low at 1.3034. Technically speaking, we are biased towards the intraday positivity, depending on the pair’s consolidation above the 1.3030 support floor, in addition to the positive motive for …

Oil, Crude, trading

The single European currency continues to move within a positive sideways range, within a gradual rise to the upside, posting a high at 1.1891. Technically, we find the euro facing hard time in breaching the 1.1880 resistance level and stabilizing above it, and with a closer look at the 4-hour …

The Canadian dollar made positive attempts targeting a retest of the pivotal resistance 1.3120, but was unable to breach it yet. Technically, by looking at the 240-minute chart, we find that the stochastic has started to provide negative signals as a result of entering the overbought phase. Consequently, we will …