Tag Archives: dollar

Oil, Crude, trading

Oil, Crude, trading

Quiet negative trading continues to dominate the euro’s movements against the US dollar, as we expected, touching our first target to be achieved at 1.2110, recording low of 1.2110. Technically speaking, and by looking at the 60-minute chart, we find the 50-day moving average continues to pressure the price from …

The Canadian dollar is hovering around the support level mentioned in the analysis located at 1.2680, which we showed that it represents the first protection key to maintain the bullish corrective bias. In terms of technical analysis, and despite the technical factors that support the continuation of the decline, we …

Oil, Crude, trading

Oil, Crude, trading

We stayed on the fence during the previous analysis due to the conflict of technical signals, explaining that the activation of short positions needs to witness a clear break and stability again below 1.2170, which puts the price under negative pressure with the first target of 1.2130 so that the …

The dollar suffered losses on Wednesday, as declining US yields weakened the momentum generated by its recent recovery and investors cautiously resumed bets that it could continue to slide. Against the euro, the dollar recorded its biggest daily decline in more than a month and declined more than 1% against …

The Canadian dollar continues its efforts to rise to re-test the 1.2800 resistance level, which it has not yet been able to breach. Technically, the current trading is stabilizing near its lowest level during the early trading at 1.2700, and with a closer look at the chart, we find the …

Oil, Crude, trading