Day: May 30, 2015

May 30
2015

Canadian Dollar Demonstrates Weakness During Trading Week

The Canadian dollar experienced weakness during the past week. While the currency managed to rally against the Japanese yen, the loonie demonstrated losses versus the US dollar and the euro. The currency started trading on a weak note, mostly due to the drop of prices for crude oil. Oil prices bounced by the end of the trading week providing some support to the Canadian dollar, but the news from Canada itself did not allow the nation’s currency to regain much […]

Read more
May 30
2015

Weekly Forex Technical Analysis (Jun 1 — Jun 5)

EUR/USD Floor pivot points 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res 1.0679 1.0749 1.0869 1.0939 1.1059 1.1129 1.1250 Woodie’s pivot points 2nd Sup 1st Sup Pivot 1st Res 2nd Res 1.0761 1.0894 1.0952 1.1085 1.1142 Camarilla pivot points 4th Sup 3rd Sup 2nd Sup 1st Sup 1st Res 2nd […]

Read more