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 …
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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 …
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Oil, Crude, trading
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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 …
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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 …
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Oil, Crude, trading
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The euro continues to gradually rise to the upside against its US counterpart within the expected bullish path, touching the target required to be achieved during the previous analysis at 1.1870, reaching a peak at 1.1894. Technically, looking at the 4-hour chart, we find negative signs appearing on the stochastic …
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The dollar stabilized against most currencies on Tuesday, November 17th, as the return of restrictions in some US states and concerns about a smooth transfer of power to President-elect Joe Biden dispelled optimism about a coronavirus vaccine. Meanwhile, the British pound rose thanks to media reports that Britain might reach …
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The Canadian dollar managed to achieve the negative outlook, as we expected, touching the first target to be achieved mentioned in the previous analysis, at 1.3075, posting a low of 1.3065. Technically, we tend to be negative, relying on the stability of trading below 1.3120 in addition to the clear …
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Oil, Crude, trading
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