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EUR/USD
Bullish
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of clients are net short.
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US Dollar Outlook: DXY Index Hammered as Treasury Yields Ebb
2021-05-18 17:00:00
DAX 30 Storms to Record High, EUR/USD Breaks Above 1.22 as Bullish Momentum Builds
2021-05-18 11:00:00
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of clients are net short.
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Crude Oil Price Trend May Reverse, API Data and FOMC Minutes Eyed
2021-05-18 07:00:00
Technical Levels for US Dollar, AUD/USD, Gold, Oil, SPX & Bitcoin
2021-05-17 15:00:00
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6 Popular Technical Indicators for Stock Trading
2021-05-17 21:30:00
Markets Week Ahead: Dow Jones, Gold, Bitcoin, US Dollar, Still Dovish Fed, FOMC Minutes
2021-05-17 14:00:00
Gold
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Gold Price Forecast: Gold Break Out as Bulls Take Charge, FOMC Minutes Eyed
2021-05-18 09:30:00
Gold Price Outlook: Will XAU/USD Overturn the Medium-Term Downtrend?
2021-05-18 02:00:00
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British Pound (GBP) Outlook - GBP/USD Looking at a New Three-Year High
2021-05-18 08:00:00
Technical Levels for US Dollar, AUD/USD, Gold, Oil, SPX & Bitcoin
2021-05-17 15:00:00
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Japanese Yen Analysis: USD/JPY Points Higher as GDP Data Misses Expectations
2021-05-18 00:00:00
USD/JPY Mirrors Decline in US Treasury Yields Ahead of FOMC Minutes
2021-05-17 15:00:00
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Real Time News
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 87.94%, while traders in EUR/USD are at opposite extremes with 71.17%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/wSWdSw9NMi
  • WTI crude oil price action has been quite volatile today around Iran nuclear deal talks. The commodity is currently down -1.2% on the session after falling as much as -4.3% from intraday highs. #OOTT $CL_F $USO https://t.co/IPeHsxVYO8
  • Indices Update: As of 18:00, these are your best and worst performers based on the London trading schedule: US 500: -0.14% FTSE 100: -0.17% Wall Street: -0.21% Germany 30: -0.22% France 40: -0.30% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/7ak6BIkvMw
  • Biden administration delays revamp of Trump's blacklist for China investments -BBG $USDCNH $SHCOMP
  • $EURUSD breakout stalled (so far) around the same spot that caught the feb top fib from the same study that caught the low in march (at the 38.2) https://t.co/ikWed0YfwE https://t.co/OfvmSW2V4S
  • The USD/CAD breakdown has stalled into lateral technical support at 1.2048/61 and the focus is on a reaction off this mark. Get your $USDCAD @MBForex here:https://t.co/LMTzDyI1df https://t.co/hD74PjjJHk
  • US Dollar Outlook: DXY Index Hammered as Treasury Yields Ebb -via @DailyFX Link to Full Analysis: https://www.dailyfx.com/forex/fundamental/us_dollar_index/usd_trading_today/2021/05/18/us-dollar-outlook-dxy-index-hammered-as-treasury-yields-ebb.html $USD $DXY #Trading https://t.co/2zVfDWI5Y7
  • AUD/USD attempts to retrace the decline following the update to the US Consumer Price Index (CPI) as it bounces back from the 50-Day SMA (0.7715). Get your $AUDUSD market update from @DavidJSong here:https://t.co/EIQ7utBH9A https://t.co/RcWf6JgYX5
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 87.64%, while traders in EUR/USD are at opposite extremes with 70.33%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/EhQn4EqJYE
  • Commodities Update: As of 16:00, these are your best and worst performers based on the London trading schedule: Silver: 0.06% Gold: -0.03% Oil - US Crude: -1.48% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/ALjM4GEwOj
USDCAD: Sellers Challenge Critical Support

USDCAD: Sellers Challenge Critical Support

Ilya Spivak, Head Strategist, APAC

Strategy: Flat

Prices are testing support in the 1.0046-51 area marked by a long-standing former range top and the 61.8% Fibonacci retracement. A break lower exposes falling channel support at 1.0010 and the 76.4% Fib at 0.9952. The channel top, now at 1.0217, marks the first layer of major resistance. Current positioning doesn’t offer an actionable trade setup until prices either clear support or show concrete signs of recovery. With that in mind, we will stand aside for now.

USDCAD_Sellers_Challenge_Critical_Support_body_Picture_5.png, USDCAD: Sellers Challenge Critical Support

Daily Chart - Created Using FXCM Marketscope 2.0

Written by Ilya Spivak, Currency Strategist for Dailyfx.com

To contact Ilya, e-mail ispivak@dailyfx.com. Follow Ilya on Twitter at @IlyaSpivak

To be added to Ilya's e-mail distribution list, send a note with subject line "Distribution List" to ispivak@dailyfx.com

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

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