Day: June 5, 2010

June 5
2010

Loonie’s Weekly Gains Were Erased in One Day

This week showed the mixed set of results for the Canadian dollar as the currency dropped against its U.S. counterpart, managed to strengthen against the euro and remained at approximately same level against the Japanese yen. The general directions of the currency’s movement against all the loonie’s counterparts was rather similar: the tendency to rise, which was disrupted on Tuesday by the evidences that the central bank will stop raising the interest rates, then the appreciation was again […]

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June 5
2010

Forex Technical Analysis for Week 06/07—06/11

EUR/USD trend: sell. GBP/USD trend: hold. USD/JPY trend: sell. EUR/JPY trend: sell. GBP/JPY trend: sell. Floor Pivot Points Pair 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res EUR/USD 1.1685 1.1919 1.2095 1.2329 1.2504 1.2738 1.2914 GBP/USD 1.3919 1.4089 1.4271 1.4441 1.4623 1.4793 1.4975 USD/JPY 87.59 88.43 89.73 90.57 91.88 92.71 […]

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