Tag Archives: dollar

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 …

The dollar suffered losses on Wednesday, November 25, due to progress in developing a vaccine for the Coronavirus and expectations of financial support from the new US government that led to the transfer of funds from the dollar to high-risk assets. The US currency recorded its lowest level in two …

The pivotal resistance levels published during the previous analysis, located at 1.3110, managed to limit the bullish tendency and forced the pair to retreat again to touch the target published in the previous analysis, 1.3040, posting a low of 1.3043. Technically, we tend to be negative in our trading, relying …

Oil, Crude, trading

We stayed on the fence in the previous analysis due to the conflict of technical signals, explaining that continuing to activate long positions on the euro-dollar depends on the stability of trading above 1.1820 and the breach of the resistance level of 1.1880 in order to target 1.1920, so that …

Riskier currencies like the Australian dollar surged on Tuesday (November 24th) after US President Donald Trump authorized the transfer of power to President-elect Joe Biden. The New Zealand dollar was one of the biggest gainers, up by 0.9%, rising to its highest level in two years at $ 0.6985, after …