Oil, Crude, trading
Read More »Euro is in a sideways, Awaiting New Signals
The euro’s movements against the US dollar witnessed sideways trading in a confined range above the 1.1720 support level and below the 1.1800 resistance level. Technically, looking at the 240-minute chart, we find that the 40-day moving average is pressing the price, meeting around 1.1775 / 1.1770 resistance, and adding …
Read More »Dollar Gains Halted And Risks Drive Speculators Away
The dollar held on to its gains against most currencies on Wednesday, with renewed doubts about the Corona virus vaccine and the absence of an agreement on an additional financial stimulus package in the United States, which pushed dealers towards safer assets. There was no significant change in the yuan’s …
Read More »Canadian Dollar Little Changed Trading Sideways
The technical outlook remains unchanged and pair remains little changed in negative territory. Technically, we find that the pair is stable around the support level of 1.3120, with the simple moving averages continuing their negative pressure on prices, in addition to some features of a bearish technical pattern on the …
Read More »Oil Renew Chances to Gain
Oil, Crude, trading
Read More »Euro is Hovering Around Support, Awaiting New Signals
The European currency fell yesterday to halt the positive outlook, in which we depended on the pair’s stability above 1.1770, and to remind us that we indicated in the previous report that trading below 1.1770 will negate the bullish trend, and we are witnessing a re-test of 1.1720, recording the …
Read More »US Dollar Rising And Yuan is Falling, After China Watches The Currency’s Rise
The dollar rose from its lowest level in three weeks on Tuesday, as traders in the market returned to buying it, especially against the counterpart currencies of higher risk, after it appeared that the Chinese authorities are seeking to curb the gains in the yuan that recorded recently. The Australian …
Read More »Canadian Dollar Little Changed
The technical outlook remains unchanged, with little change in the pair’s movements, maintaining negative bias. Technically, we find that the pair is stable around the support level of 1.3120, with the simple moving averages continuing the negative pressure on prices with features of a bearish technical pattern on the 4-hour …
Read More »Oil Re-Test support With an Attempt to Rise
Oil, Crude, trading
Read More »Euro is Little Changed Against US Dollar
Euro was trading in a narrow sideways range, and its movements against the US dollar did not witness notable change, and the pair maintained the bullish path. The technical outlook remains unchanged, and with a look at 240-minutes chart, we see that the SMA 50 is providing a positive motive …
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