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EUR/USD
Mixed
Low
High
of clients are net long.
of clients are net short.
Long Short

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

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DAX, EUR Update - Reflation Trade Back On After Nasdaq Meltdown, USD Attempting Comeback
2021-05-11 08:00:00
EURUSD, GBPUSD and Nasdaq Outlook: Key Levels and Events Ahead
2021-05-11 03:00:00
Oil - US Crude
Mixed
Low
High
of clients are net long.
of clients are net short.
Long Short

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

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Crude Oil Price Eyes EIA Report as Pipeline Shutdown, India Fog Outlook
2021-05-11 03:00:00
Technical Levels for US Dollar, GBP/USD, USD/CAD, AUD/USD, Gold & Oil
2021-05-10 15:00:00
Wall Street
Mixed
Low
High
of clients are net long.
of clients are net short.
Long Short

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

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6 Popular Technical Indicators for Stock Trading
2021-05-10 21:30:00
Dow Jones & Nasdaq 100 Technical Forecasts for the Week Ahead
2021-05-10 20:30:00
Gold
Bullish
Low
High
of clients are net long.
of clients are net short.
Long Short

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Gold Price Outlook Turns to Fedspeak After Consumer Inflation Expectations Jitter
2021-05-11 06:00:00
Gold Forecast: Gold Volatility Surging as Real Yields Tumble
2021-05-10 22:00:00
GBP/USD
Bullish
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of clients are net short.
Long Short

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British Pound May Extend Sharp Rise with Queen's Speech in Focus
2021-05-11 07:08:00
British Pound Analysis: GBP/USD, EUR/GBP. GBP/JPY in Focus After Sterling’s Jump
2021-05-11 04:00:00
USD/JPY
Bullish
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High
of clients are net long.
of clients are net short.
Long Short

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

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USD/JPY Pares Post-NFP Decline as US Treasury Yields Recover
2021-05-10 19:00:00
FX Week Ahead - Top 5 Events: Chinese, German, US Inflation Rates; Banxico Rate Decision; US Retail Sales
2021-05-10 19:00:00
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  • Heads Up:🇧🇷 Inflation Rate YoY (APR) due at 12:00 GMT (15min) Expected: 6.76% Previous: 6.1% https://www.dailyfx.com/economic-calendar#2021-05-11
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  • Forex Update: As of 10:00, these are your best and worst performers based on the London trading schedule: 🇪🇺EUR: 0.31% 🇳🇿NZD: 0.27% 🇦🇺AUD: 0.24% 🇯🇵JPY: 0.05% 🇨🇦CAD: 0.00% 🇨🇭CHF: -0.13% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/qhfolQdLUG
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  • 💶 ZEW Economic Sentiment Index (MAY) Actual: 84 Previous: 66.3 https://www.dailyfx.com/economic-calendar#2021-05-11
USD/CAD

USD/CAD

Thomas Long, Course Instructor

Trading remains in a range within a longer-term downtrend with a high in the 1.0750 area and the low in the 1.0400 area. I would be looking for the breakout of this pair at some point and would also enter into a trade based on that breakout. This is one of the rare times when I would be willing to buy on a move up through resistance or sell on a move down through support. While the USD has been stronger recently, there really has not been the big defining move just yet. Let the market decide which way it wants to go and jump on board for the ride. But I recommend waiting for the breakout first.

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