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Forex Technical Analysis : 05/23/2011
- Forex Technical Analysis : 05/23/2011 -
(Timeframes: 30 minutes)
USD/CAD Technical Analysis
AUD/USD Technical Analysis
NZD/USD Technical Analysis
GBP/USD Technical Analysis
EUR/USD Technical Analysis
GBP/JPY Technical Analysis
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EUR/GBP Technical Analysis
USD/CHF Technical Analysis
USD/JPY Technical Analysis
Crude Oil Technical Analysis
XAU/USD (Gold) Technical Analysis
Title:
Technical analysis of the USD/CAD pair on May 23th, 2011
Commentary of the USD/CAD pair :
A strong bullish movement occured on the pair USD/CAD which broke the resistance at 0.8747, giving us a new buy signal. The next resistance is at 0.98. We maintain to trade only long positions as far as 0.9713 is support. The breakout of 0.98 will give a new buy signal and open the way towxards 0.9850.
See the previous analysis of the USD/CAD pair of May 20th, 2011
Title:
Markets Consolidate Before the End of the World
The Week Ahead
Highlights
Markets consolidate before The End of the World
Greek problems get worse before they get better?
The euro hinges on Spain
Japan's economy still in a 'very severe' state
The Loonie may see weakness ahead
Key data and events to watch next week
Markets consolidate before The End of the World
This past week saw most major asset markets and currencies essentially consolidate around recent lows following the sell-off in the first half of May. Incoming data, however, continues to suggest increasing sluggishness in the major economies. In the US, housing data weakened further, both the Philadelphia and Empire manufacturing indexes declined, industrial production flattened, and the index of leading indicators dropped for the first time in 10 ...
Title:
Canada’s Dollar Falls with Retail Sales & Inflation Growth
The Canadian dollar weakened today against the US dollar and the Japanese yen after the reports showed that the inflation increased less than predicted and the core retail sales unexpectedly dropped. The currency advanced against the euro.
The consumer prices index rose 0.3 percent in April, on a seasonally adjusted monthly basis, following the 1.1 percent increased in March. Analysts predicted the 0.5 percent growth. The retail sales were unchanged at $37.3 billion in March. The core retail sales (the retail sales excluding automobile sales that have a very big impact, but tend to be very volatile) decreased 0.1 percent. They there expected to maintain their growth rate of 0.8 percent.
Many investors question whether the Canadian central bank, that was first among the Group of Seven ...
Title:
Forex Technical Analysis : 05/20/2011
- Forex Technical Analysis : 05/20/2011 -
(Timeframes: 30 minutes)
USD/CAD Technical Analysis
AUD/USD Technical Analysis
NZD/USD Technical Analysis
GBP/USD Technical Analysis
EUR/USD Technical Analysis
GBP/JPY Technical Analysis
EUR/CHF Technical Analysis
EUR/JPY Technical Analysis
EUR/GBP Technical Analysis
USD/CHF Technical Analysis
USD/JPY Technical Analysis
Crude Oil Technical Analysis
XAG/USD (Silver) Technical Analysis
XAU/USD (Gold) Technical Analysis
Title:
Technical analysis of the USD/CAD pair on May 20th, 2011
Commentary of the USD/CAD pair :
The pair USD/CAD is currently making a correction and is trying to rebound on the support at 0.9678. We maintain to trade only long positions as far as this level is support. The breakout of 0.9747 will give a new buy signal. However, if 0.9678 is broken, we will be neutral.
See the previous analysis of the USD/CAD pair of May 19th, 2011
Title:
Canadian Dollar Advances with Stocks & Commodities
The Canadian dollar gained today as stocks and commodities, including crude oil, rebounded, increasing demand for currencies tied to economic growth. The currency retreated against the euro.
The Thomson Reuters/Jefferies CRB Index of 19 raw materials climbed as much as 2.6 percent. Crude oil rose above the $100 per barrel level. Raw materials makes up about half of Canada’s export revenue, while crude is the main export.
The Canadian currency gained for the third day against its US counterpart, but it’s too earlier to be very optimistic about the loonie. Experts think that the nation’s central bank is going to hold the interest rates for some time. The European Union still has its debt problems and the US economy showed signs of slowdown, and that doesn’t bode well for Canada’s export- ...
Title:
Forex Technical Analysis : 05/19/2011
- Forex Technical Analysis : 05/19/2011 -
(Timeframes: 30 minutes)
USD/CAD Technical Analysis
AUD/USD Technical Analysis
NZD/USD Technical Analysis
GBP/USD Technical Analysis
EUR/USD Technical Analysis
GBP/JPY Technical Analysis
EUR/CHF Technical Analysis
EUR/JPY Technical Analysis
EUR/GBP Technical Analysis
USD/CHF Technical Analysis
USD/JPY Technical Analysis
Crude Oil Technical Analysis
XAG/USD (Silver) Technical Analysis
XAU/USD (Gold) Technical Analysis
Title:
Technical analysis of the USD/CAD pair on May 19th, 2011
Commentary of the USD/CAD pair :
The pair USD/CAD is currently making a correction and is trying to rebound on the support at 0.9678. We maintain to trade only long positions as far as this level is support. The breakout of 0.9747 will give a new buy signal. However, if 0.9678 is broken, we will be neutral.
See the previous analysis of the USD/CAD pair of May 18th, 2011
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