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Day: February 12, 2011
February 122011
Is Canadian Dollar Becoming Safe Currency?
The first half of this week wasn’t very good for the Canadian dollar, but the losses were offset in the second half, when the currency surged upward even though the sentiment was favoring safety. The discouraging macroeconomic data and the strong performance of most other currencies have led to the weakness of the Canadian dollar. Yet on Thursday the loonie, as the Canadian currency is often nicknamed, reversed the trend. The gains erased the losses against some currencies and even […]
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February 122011
Forex Technical Analysis for Week 02/14—02/18
Floor Pivot Points Pair 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res EUR/USD 1.3199 1.3347 1.3447 1.3595 1.3695 1.3843 1.3943 GBP/USD 1.5694 1.5828 1.5915 1.6049 1.6136 1.6270 1.6357 USD/JPY 80.33 81.05 82.24 82.96 84.15 84.87 86.06 EUR/JPY 109.49 110.36 111.70 112.57 113.91 114.78 116.12 GBP/JPY 129.28 130.41 131.97 133.10 134.66 […]
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