The Canadian dollar retreated after it failed to maintain above the support level of 1.3080, as the current moves witness a bearish bias around the 1.3000 barrier. Technically, looking at the chart, we will tend to be negative depending on the regularity of the movement within the descending price channel …
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Oil, Crude, trading
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The single European currency continues to rise against the US dollar within the expected bullish path last Friday, surpassing the first target required to be achieved during the previous analysis, 1.1870, to hit the session high at 1.1895. Technically, the moving averages continue to support the general bullish trend, in …
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The dollar stabilized against several currencies on Friday, but traders say it is likely to incur more losses as the controversial US presidential election dashes hopes of a major stimulus to support the economy anytime soon. Investors are betting that Democratic candidate Joe Biden will become the next president, but …
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Oil, Crude, trading
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The euro jumped against the US dollar to achieve strong gains. To be reminded, we committed to the intraday neutrality in the previous analysis, indicating that the activation of long positions depends on confirming the breach of 1.1770 resistance, in order to enhance the chances of the rise towards 1.1800 …
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The US dollar weakened against major currencies on Thursday as uncertainty over the US presidential election persists. This morning the euro was trading at 1.1799 against the dollar. The EUR/USD recently jumped to a weekly high above 1.18 as investors are optimistic about Biden’s victory in the elections. In the …
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The dollar fell to its lowest level in more than two years against the yuan and fell against other Asian currencies, with the Joe Biden approaching the White House in an exciting US presidential election. The pound weakened against the dollar and the euro after media reports that the Bank …
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Oil, Crude, trading
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The single currency continues to fluctuate in the same price range without any change, the current moves are witnessing attempts to recover and consolidate above 1.1720 resistance. Technically, looking at the 4-hour chart, we find that the stochastic is still trading in negative areas and favoring the return of the …
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