News & Analysis at your fingertips.

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.



Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events


Economic Calendar

Economic Calendar Events

Free Trading Guides
Please try again
Oil - US Crude
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
Wall Street
More View more
Real Time News
  • The non-farm payroll (NFP) figure is a key economic indicator for the United States economy. It is also referred to as the monthly market mover. Find out why it has been given this nickname here:
  • Looking for a new way to trade reversals? One of the most used reversal candle patterns is known as the Harami. Like most candlestick formation patterns, the Harami tells a story about sentiment in the market. Get better with trading reversals here:
  • It’s important for traders to be familiar with FX spreads as they are the primary cost of trading currencies. Understand a pair's spread here:
  • The British Pound is giving back some of its multi-month gains with some pairs testing notable support despite a positive fundamental backdrop. Get your market update from @nickcawley1 here:
  • Dealing with the fear of missing out – or FOMO – is a highly valuable skill for traders. Not only can FOMO have a negative emotional impact, it can cloud judgment and overshadow logic. Learn how you can control FOMO in your trading here:
  • Gold is facing the neckline of a Double Bottom Pattern after bouncing off a confirmed longer-term trendline. Is a bullish reversal in order? Get your market update from @FxWestwater here:
  • Central banks often deem it necessary to intervene in the foreign exchange market to protect the value of their national currency. Learn how central bank intervention can impact your trading here:
  • Rollover is the interest paid or earned for holding a currency spot position overnight. Learn how to earn rollover interest on your open positions here:
  • The New Zealand Dollar is in a tricky spot. On one hand, rising stocks can propel NZD. On the other, a dovish RBNZ ahead could cool bond yields as the government tackles soaring housing costs. Get your market update from @ddubrovskyFX here:
  • Knowing how to accurately value a stock enables traders to identify and take advantage of opportunities in the stock market. Find out the difference between a stock's market and intrinsic value, and the importance of the two here:
Multiple Bullish Reversal Candles on USDCAD Into June Highs

Multiple Bullish Reversal Candles on USDCAD Into June Highs

Tyler Yell, CMT, Currency Strategist


Market Condition: Uptrend, Higher Highs & Higher Lows

Target 1: 1.2658 (M1 Pivot)

Target 2: 1.2823 (2015 High)

Invalidation: 1.2303 (Low of Bullish Engulfing Pattern)

SSI currently sits at -1.8738 ahead of a NFP Thursday. We use our SSI as a contrarian indicator to price action, and the fact that the majority of traders are short gives signal that the USDCAD may continue higher.

Yesterday’s bullish close above 1.2425 encourages the view towards targets near the 1.2565 June highs. This was a corrective high so a break above there would signal higher towards the 1.2835 year-to-date highs and potentially beyond.

Eyes should also be on USOIL. Currently, Oil appears to be in a triangle since the May 6th high. Recently, it failed at resistance near 61.27. Support nears 58. A break lower would favor a move down near 52 and like be bearish for CAD given the correlation.

Multiple Bullish Reversal Candles on USDCAD Into June Highs

Close-up view with multiple 2- & 3-bar candlesticks Bullish Reversals

Multiple Bullish Reversal Candles on USDCAD Into June Highs

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