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.

0

Notifications

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

Live Webinar

Live Webinar Events

0

Economic Calendar

Economic Calendar Events

0
Free Trading Guides
Subscribe
Please try again
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
Oil - US Crude
Bullish
Wall Street
Mixed
Gold
Bearish
GBP/USD
Bullish
USD/JPY
Bullish
More View more
Real Time News
  • 🇨🇦 Average Weekly Earnings YoY (SEP) Actual: 6.9% Previous: 7.9% https://www.dailyfx.com/economic-calendar#2020-11-26
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 93.45%, while traders in NZD/USD are at opposite extremes with 74.75%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/rb0KHIpnDO
  • Forex Update: As of 13:00, these are your best and worst performers based on the London trading schedule: 🇯🇵JPY: 0.22% 🇨🇦CAD: 0.04% 🇨🇭CHF: -0.02% 🇳🇿NZD: -0.11% 🇪🇺EUR: -0.11% 🇬🇧GBP: -0.26% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/LZMBGAenik
  • Heads Up:🇨🇦 Average Weekly Earnings YoY (SEP) due at 13:30 GMT (15min) Previous: 7.9% https://www.dailyfx.com/economic-calendar#2020-11-26
  • It was noted that monetary policy decisions in December would be consistent with prevailing market expectations
  • ECB Minutes - headline inflation was now expected to be in negative territory for longer than had been foreseen in the September projections
  • What are the three ways the stock market impacts the economy? Find out here. https://t.co/fg2dYSBPgB https://t.co/zsILutmUNx
  • Heads Up:💶 ECB Monetary Policy Meeting Accounts due at 12:30 GMT (15min) https://www.dailyfx.com/economic-calendar#2020-11-26
  • 🇲🇽 Economic Activity YoY (SEP) Actual: -5.5% Expected: -6.6% Previous: -9.2% https://www.dailyfx.com/economic-calendar#2020-11-26
  • 🇲🇽 GDP Growth Rate YoY Final (Q3) Actual: -8.6% Expected: -8.6% Previous: -18.7% https://www.dailyfx.com/economic-calendar#2020-11-26
USD/CAD Carves Bullish Inside-Day (Harami)- Higher Low in Place?

USD/CAD Carves Bullish Inside-Day (Harami)- Higher Low in Place?

2014-04-10 14:50:00
David Song, Strategist
Share:

Talking Points:

- USDOLLAR Eyes October Low (10,354) as Bearish Trend Gathers Pace

- GBP/USD Holds February High; Bank of England (BoE) Minutes in Focus

- USD/CAD Correction Stalls Ahead of 61.8 Fibonacci Retracement (1.0850)

Index

Last

High

Low

Daily Change (%)

Daily Range (% of ATR)

DJ-FXCM Dollar Index

10412.68

10436.17

10403.23

-0.16

87.84%

USDOLLAR Daily

USDCAD-Carves-Bullish-Inside-Day-Harami--Higher-Low-in-Place_body_Picture_2.png, USD/CAD Carves Bullish Inside-Day (Harami)- Higher Low in Place?

Chart - Created Using FXCM Marketscope 2.0

  • October Low (10,354) at Risk Following Break Below 78.6 retracement
  • Interim Resistance: 10,602 (38.2 retracement) to 10,615 (78.6 expansion)
  • Interim Support: 10,406 (1.618 expansion)

Join DailyFX on Demandto Cover Current U.S. dollar Trade Setups

Release

GMT

Expected

Actual

Initial Jobless Claims (APR 5)

12:30

320K

300K

Continuing Claims (MAR 29)

12:30

2835K

2776K

Import Price Index (MoM) (MAR)

12:30

0.2%

0.6%

Import Price Index (YoY) (MAR)

12:30

-0.6%

-0.6%

Monthly Budget Statement (MAR)

18:00

-$36.0B

Click Here for the DailyFX Calendar

USDCAD-Carves-Bullish-Inside-Day-Harami--Higher-Low-in-Place_body_ScreenShot064.png, USD/CAD Carves Bullish Inside-Day (Harami)- Higher Low in Place?

The Dow Jones-FXCM U.S. Dollar Index (Ticker: USDollar) remains at risk of giving back the rebound from back in October (10,354) as the bearish trend in price & the Relative Strength Index (RSI) remains in place. However, in light of the positive data coming out of the U.S. economy, it looks as though the 1.618 percent Fibonacci expansion around 10,406 will hold up as soft support ahead of the U. of Michigan Confidence survey, and a marked rebound in household sentiment may generate a larger rebound going into the weekend should the data raise the outlook for growth and inflation.

Read More:

Price & Time: USD/JPY Flirting With Danger

AUD/USD, USD/JPY Taking Advantage of US Dollar Weakness

--- Written by David Song, Currency Analyst

To contact David, e-mail dsong@dailyfx.com. Follow me on Twitter at @DavidJSong.

To be added to David's e-mail distribution list, please follow this link.

Trade Alongsidethe DailyFX Team on DailyFX on Demand

Looking to use the DailyFX Trade Signals LIVE? Check out Mirror Trader.

New to FX? Watch this Video

Join us to discuss the outlook for the major currencies on the DailyFXForums

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

DISCLOSURES