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.

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
GBP/USD
Bullish
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
More View more
Real Time News
  • The Canadian Dollar has modestly outperformed the rest of the G10 pack, as the commodity currency finds support from the pick up in oil prices. Get your $USDCAD market update from @JMcQueenFX here: https://t.co/FJ9bVhBr6r https://t.co/xRqpOiMH3K
  • Commodities Update: As of 14:00, these are your best and worst performers based on the London trading schedule: Silver: 0.46% Oil - US Crude: 0.28% Gold: -0.12% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/H77sqToPS8
  • Please join @PeterHanksFX at 11:00 EST/15:00 GMT for your weekly stock market outlook webinar. Register here: https://t.co/KBcZpD43t6 https://t.co/V6ZEBUj1jK
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 93.36%, while traders in Wall Street are at opposite extremes with 72.78%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/IbMbabi8NR
  • Commodities Update: As of 13:00, these are your best and worst performers based on the London trading schedule: Oil - US Crude: 0.41% Silver: 0.22% Gold: -0.08% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/wSkvWlJyM4
  • Gold has been stuck in a holding pattern for the last few days with recent risk-off/risk-on events prompting very little reaction in the precious metal. Get your $XAUUSD market update from @nickcawley1 here:https://t.co/KXzqjx8mU0 https://t.co/hQCwubIV5g
  • Indices Update: As of 13:00, these are your best and worst performers based on the London trading schedule: France 40: 0.77% US 500: 0.16% FTSE 100: 0.14% Germany 30: 0.11% Wall Street: 0.11% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/u03rrXpglC
  • It's FOMC day! Measures of vol have been creeping up the past 48-hours - what does this mean for $DXY, $EURUSD, Gold? We're talking all this and more for the Mid-Week Market Update, starting now: https://www.dailyfx.com/webinars/140187219
  • Bitcoin (BTC/USD) baulks at initial resistance at $41.3k - mkt looks overbought. Second time lucky? #bitcoin #btc @DailyFXTeam https://t.co/KxFqY8gBig
  • 🇨🇦 Core Inflation Rate YoY (JUN) Actual: 2.7% Previous: 2.8% https://www.dailyfx.com/economic-calendar#2021-07-28
Forex Strategy: USD/CAD Recoiling from Key Support

Forex Strategy: USD/CAD Recoiling from Key Support

Ilya Spivak, Head Strategist, APAC

To receive Ilya's analysis directly via email, please SIGN UP HERE

Talking Points

  • USD/CAD Technical Strategy: Flat
  • Prices are testing above resistance at 1.0412 (23.6% Fibonacci expansion)
  • Breaking higher exposes 1.0554 (38.2% Fib); trend line support is now at 1.0273

Confirm your chart-based trade setups with the Technical Analyzer.

Forex_Strategy_USDCAD_Recoiling_from_Key_Support_body_Picture_5.png, Forex Strategy: USD/CAD Recoiling from Key Support

Weekly Chart - Created Using FXCM Marketscope 2.0

--- Written by Ilya Spivak, Currency Strategist for DailyFX.com

Contact and follow Ilya on Twitter: @IlyaSpivak

New to FX? Watch this Video

For live market updates, visit the Real Time News Feed

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

DISCLOSURES