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.

Search results
No entries matching your query were found.
English Español Français Deutsch 中文（繁體） 中文（简体）
Free Trading Guides
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.

Data provided by
News
China Makes a Bet Against the US Dollar as World Reserve Currency
2019-12-15 16:00:00
Dow, Pound and Aussie Dollar Test Post Trade War, Election Breakouts
2019-12-15 16:00:00
GBP/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
News
China Makes a Bet Against the US Dollar as World Reserve Currency
2019-12-15 16:00:00
Dow, Pound and Aussie Dollar Test Post Trade War, Election Breakouts
2019-12-15 16:00:00
USD/JPY
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
News
China Makes a Bet Against the US Dollar as World Reserve Currency
2019-12-15 16:00:00
USD/JPY IG Client Sentiment: Our data shows traders are now net-short USD/JPY for the first time since Dec 03, 2019 15:00 GMT when USD/JPY traded near 108.66.
2019-12-13 01:23:00
Gold
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
News
Dow, Pound and Aussie Dollar Test Post Trade War, Election Breakouts
2019-12-15 16:00:00
Gold Price Outlook Bearish on Easing Trade Tensions, GDP Data
2019-12-14 19:00:00
Oil - US Crude
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
News
Dow, Pound and Aussie Dollar Test Post Trade War, Election Breakouts
2019-12-15 16:00:00
Oil Price Outlook Mired by Sticky US Crude Output
2019-12-14 03:00:00
Bitcoin
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.

Data provided by
News
Bitcoin Price Forecast: Bulls Retreat as BTCUSD Threatens Breakdown
2019-12-09 19:30:00
Emerging Markets Crisis Monitor - Seven Factors Traders Should Watch
2019-12-05 15:00:00
More View more
Real Time News
  • The politics of the US and UK may be starkly divided but their grip on the vast, $6.6 trillion global foreign exchange trade seems as tight as ever. Get your market update from @DavidCottleFX here:https://t.co/xTKHOvrIqg https://t.co/z7ogzy00dy
  • What are the Market cycles? How are #currencies impacted in these cycles? How can these cycles impact #forextrading patterns? Find out here: https://t.co/ckr2fUOWqW https://t.co/g7iT8bpi7f
  • What are a few of the common trading mistakes made by traders? Find out from @WVenketas here: https://t.co/d3OFc4yGao #tradingstyle https://t.co/wQ1MAkOb0n
  • The UK population voted the Conservative government back in with a strong majority, giving PM Johnson the backing to push Brexit through. And Sterling (GBP) likes it. Get you $GBPUSD market update from @nickcawley1 here: https://t.co/tjCHWDxoWm https://t.co/Z7Vaadxy5r
  • #Gold prices may fall while the US Dollar gains even as economic policies championed by the Trump administration invite inflation. Get your $gld markets news from @IlyaSpivak here:https://t.co/4lHhHsby56 https://t.co/zF4EyLIRWM
  • Lessons from Bretton Woods are forgotten, the US-China #tradewar represents a true existential threat to the post-World War II international trade order, and in turn, the globalized economy that has grown out of the ashes of history. More from @CVecchioFX :https://t.co/paaBxX6Xt0 https://t.co/tcjkQnaBWl
  • What are the truths and myths of #forex trading? Find out from @DailyFX analysts here: https://t.co/uF75VPzstr #FOMOintrading https://t.co/bDXG2dV3wG
  • The US Dollar technical outlook against the Euro, British Pound, Australian Dollar and New Zealand Dollar are discussed. Large wicks left signs of indecision, will reversals follow? $EURUSD $GBPUSD $AUDUSD $NZDUSD - https://www.dailyfx.com/forex/technical/article/fx_technical_weekly/2019/12/15/US-Dollar-Technical-Outlook-EURUSD-GBPUSD-AUDUSD-NZDUSD.html?CHID=9&QPID=917702 https://t.co/dpuIppxo3F
  • What are some trading mistakes @nickcawley1 made during his career and what did he learn from them? Find out: https://t.co/y3cckNW22W https://t.co/vUQyVl6b0e
  • Growth linked currencies have gained as investors hope for progress on the trade front as well as stimulus from the Fed. The global economy however remains depressed and seems likely to remain so. Get your market update from @DavidCottleFX here: https://t.co/jt1HH9AHLM https://t.co/Yz65AMJYlm
USD/CAD To Continue Recovery Following Morning Star Pattern

USD/CAD To Continue Recovery Following Morning Star Pattern

2014-07-14 11:49:00
David de Ferranti, Currency Analyst
Share:

Talking Points

  • USD/CAD Technical Strategy: Longs Preferred
  • Bounce off key support yields Morning Star pattern
  • Former resistance at 1.0700 now offers support

USD/CAD’s break above 1.0700 has yielded a somewhat asymmetric Morning Star formation on the daily, which suggests the potential for a continued recovery for the pair. Buyers are likely targeting the 1.0810 mark.However,a daily close back below 1.0700 would suggest a false breakout and negate a bullish technical bias.

USD/CAD: Bulls Look To Take Control Following Morning Star Pattern

USD/CAD To Continue Recovery Following Morning Star Pattern

Daily Chart - Created Using FXCM Marketscope 2.0, Volume Indicator Available Here

A glance at the four hour chart reveals a Dark Cloud Cover pattern forming in intraday trade. However, the second candle has yet to close and receive confirmation from a successive down-period, before the bearish signal is confirmed.

USD/CAD: Dark Cloud Cover Forming In Intraday Trade

USD/CAD To Continue Recovery Following Morning Star Pattern

4 Hour Chart - Created Using FXCM Marketscope 2.0, Volume Indicator Available Here

By David de Ferranti, Market Analyst, DailyFX

Follow David on Twitter: @Davidde

To receive David’s analysis directly via email, please sign up here.

Learn how to read candlesticks to help identify trading opportunities with the DailyFX Candlesticks Video Course.

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

DISCLOSURES

Related Articles

USD/CAD Candlestick Analysis: Waiting for Long Trade Setup
USD/CAD Candlestick Analysis: Waiting for Long Trade Setup
2015-04-28 05:49:00
USD/CAD Candlestick Analysis: Support Now Below 1.21
USD/CAD Candlestick Analysis: Support Now Below 1.21
2015-04-21 03:33:00
USD/CAD Candlestick Analysis: Top Confirmation Pending
USD/CAD Candlestick Analysis: Top Confirmation Pending
2015-03-02 09:11:00
USD/CAD Candlestick Analysis: Pullback to Yield Long Trade
USD/CAD Candlestick Analysis: Pullback to Yield Long Trade
2015-02-23 05:23:00
Advertisement

Rates

USD/CAD
Mixed
News & Analysis at your fingertips.