We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site.

Free Trading Guides
EUR/USD
Bearish
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
GBP/USD
Bearish
USD/JPY
Bearish
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
Gold
Bullish
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
Oil - US Crude
Bearish
Bitcoin
Bullish
More View more
Real Time News
  • What are the truths and myths of #forex trading? Find out from @DailyFX analysts here: https://t.co/uF75VPzstr https://t.co/8wKhSioCSt
  • Commodities Update: As of 11:00, these are your best and worst performers based on the London trading schedule: Gold: -0.13% Silver: -0.36% Oil - US Crude: -0.59% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/HXzJBxsQke
  • Forex Update: As of 11:00, these are your best and worst performers based on the London trading schedule: 🇯🇵JPY: 0.08% 🇨🇭CHF: 0.05% 🇪🇺EUR: -0.02% 🇦🇺AUD: -0.29% 🇳🇿NZD: -0.32% 🇬🇧GBP: -0.37% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/tKfJiltKvZ
  • Coming up at half past the hour: my weekly free webinar on trading sentiment. Do join me if you can. You can sign up here: https://www.dailyfx.com/webinars/181540619?CHID=9&QPID=917711
  • Indices Update: As of 11:00, these are your best and worst performers based on the London trading schedule: Wall Street: 0.24% US 500: 0.21% France 40: 0.17% Germany 30: -0.21% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/rF1IZGBHv8
  • LIVE IN 30 MIN: Analyst and Editor @MartinSEssex discusses the most important events and themes that have driven market sentiment and will drive it in the days ahead here - https://www.dailyfx.com/webinars/181540619?CHID=9&QPID=917720
  • More OPEC jawboning in light of 18% drop since Jan 7th peak https://t.co/7MFXsf9slz
  • USD/CAD Faces A Risk of Reversal at This Price - USD vs Canadian Dollar Forecast More details in the link below: https://www.dailyfx.com/forex/technical/home/analysis/usd-cad/2020/01/28/USDCAD-Faces-A-Risk-of-Reversal-at-This-Price-USD-vs-Canadian-Dollar-Forecast-MK.html?CHID=9&QPID=917714 https://t.co/PNkO9VWYyp
  • OPEC could deepen oil production cuts if oil prices and demand drop on spread of Coronavirus, adds that OPEC are discussing extending production cuts until at least June -according to OPEC sources #OOTT
  • Hey, traders 👋 do you want live AMAS with our analysts, market updates and tools to improve your trading strategy? Join us now on Instagram! 👉 https://t.co/pHGzVMqsC4 https://t.co/rjsOK2dHNF
BUY EUR/CAD @1.2725

BUY EUR/CAD @1.2725

2010-05-13 11:01:00
Joel Kruger, Technical Strategist
Share:
The market has been under intense pressure over the past several days and with daily, weekly, and monthly studies all showing highly overextended, a short-term corrective bounce is to be expected at a minimum. The average daily range in the currency cross is 175 points, and with a high already well in place by 1.2880, a projected low is now seen for today just ahead of 1.2700. Additionally, if triggered, intraday (hourly) studies will also be showing well oversold and in need of a bounce. STRATEGY: BUY @1.2725 FOR AN OPEN OBJECTIVE; STOP 1.2590. RECOMMENDATION TO BE REMOVED IF NOT TRIGGERED BY NY CLOSE.

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

DISCLOSURES

News & Analysis at your fingertips.