Skip to Content
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. See our updated Privacy Policy here.

Free Trading Guides
Subscribe
Please try again
Select

Live Webinar Events

0

Economic Calendar Events

0

Notify me about

Live Webinar Events
Economic Calendar Events

H

High

M

Medium

L

Low
More View More
The Weekly Volume Report: USD/CAD Turnover Supports Broader Trend

The Weekly Volume Report: USD/CAD Turnover Supports Broader Trend

Kristian Kerr, Sr. Currency Strategist

Share:

Talking Points

  • USD/CAD daily OBV trades at new yearly high
  • USD/JPY advance sharply but on low turnover

Get real time volume on your charts for free. Click HERE

Daily Volume Chart: EUR/USD

Charts Created using Marketscope – Prepared by Kristian Kerr

  • EUR/USD rallied to test the 50-day moving average this week before stalling out
  • Below average volume on the decline since May is a concern and unsupportive of a broader decline
  • However, A steady decline in daily OBV to multi-month lows does hint at a possible downside resurgence
  • A close back over 1.1215 on above average volume is needed to turn the outlook positive again on the euro

Daily Volume Chart: USD/JPY

Charts Created using Marketscope – Prepared by Kristian Kerr

  • USD/JPY traded at its highest level in almost two months before stalling out
  • The lack of volume on the latest push higher is unsupportive of a broader advance
  • The modest move higher in daily OBV is also a concern
  • A close under 123.00 on above average volume would turn us negative on the pair

Daily Volume Chart: USD/CAD

Charts Created using Marketscope – Prepared by Kristian Kerr

  • USD/CAD came under some modest pressure over the past week
  • Generally rising volume June is supportive of the advance
  • New highs in daily OBV is also supportive of the broader uptrend
  • A daily close back under 1.2860 on above average volume is needed to turn the outlook negative on USD/CAD

To receive Kristian’s analysis directly via email, please SIGN UP HERE.

--- Written by Kristian Kerr, Senior Currency Strategist for DailyFX.com

To contact Kristian, e-mail instructor@dailyfx.com. Follow me on Twitter @KKerrFX

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

DISCLOSURES