Tag Archives: dollar

Oil, Crude, trading

The Canadian dollar experienced tranquil trading conditions with a slight positive bias, manifesting a sideways trend confined between the lower boundary around 1.3500 and the upper threshold below 1.3535. Today’s technical analysis, upon scrutiny of the 4-hour timeframe chart, reveals the simple moving average endeavoring to uplift the price. However, …

japanese-yen

Oil, Crude, trading

At the onset of this week’s trading, US crude oil futures contracts experienced a modest uptick, marking their peak yesterday in close proximity to the psychological resistance threshold of 78.00. From a technical standpoint, a scrutiny of the 4-hour timeframe chart reveals the resurgence of the 50-day simple moving average, …

The Euro/Dollar pair experienced subdued trading dynamics throughout the initial sessions of the previous week, characterized by a marginal upward bias aimed at retesting the pivotal resistance level positioned at 1.0860. A meticulous examination of the 4-hour chart from a technical perspective reveals a promising outlook, notably with the 50-day …

The Canadian dollar pair commenced its weekly trading session on a bullish note, albeit with some limitations, following its successful retest of the robust support level at 1.3460. In terms of technical analysis today, we lean towards a positive outlook, supported by the pair’s stability in trading above the aforementioned …

japanese-yen

Oil, Crude, trading

US crude oil futures prices faced significant downward pressure towards the end of last week’s trading, failing to maintain stability above the crucial psychological barrier at $78.00. This development negated the anticipated positive outlook. In the previous technical report, we highlighted that breaching the support level at $77.35 would nullify …