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
Search results
No entries matching your query were found.
English Español Français Deutsch 中文（繁體） 中文（简体）
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
News
Euro Forecast: EUR/USD Price Outlook Neutral, Hoping for FOMC Guidance
2021-06-13 02:00:00
Weekly Fundamental US Dollar Forecast: Here Comes Taper Talk
2021-06-12 12:00:00
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
Crude Oil Outlook: IEA Report Sends Price Skyward Ahead of US-Iran Talks
2021-06-12 15:00:00
WTI Crude Oil Outlook – Room to Rally 10% or More Before Big Levels Met
2021-06-11 12:30:00
Wall Street
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
How to Research Stocks: A Step by Step Guide
2021-06-13 04:00:00
Bitcoin (BTC) Grinding Higher - Ethereum (ETH), Alt-Coins in Wait-And-See Mode
2021-06-12 06:00:00
Gold
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
Gold Price Outlook Hinges on Updated Fed Interest Rate Dot Plot
2021-06-12 18:00:00
Gold Price Forecast: XAU/USD Breakout Holds Through CPI - FOMC on Deck
2021-06-11 20:00:00
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
British Pound (GBP) Weekly Forecast: GBP/USD, EUR/GBP Testing Range Boundaries
2021-06-12 22:00:00
Weekly Fundamental US Dollar Forecast: Here Comes Taper Talk
2021-06-12 12:00:00
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
Weekly Fundamental US Dollar Forecast: Here Comes Taper Talk
2021-06-12 12:00:00
US Dollar Price Action Setups: EUR/USD, GBP/USD, USD/CAD, USD/JPY
2021-06-10 19:00:00
More View more
Real Time News
  • GDP (Gross Domestic Product) economic data is deemed highly significant in the forex market. GDP figures are used as an indicator by fundamentalists to gauge the overall health and potential growth of a country. Learn use GDP data to your advantage here: https://t.co/Yl9vM7kO6a https://t.co/0rNbbrd58e
  • Traders utilize varying time frames to speculate in the forex market. The two most common are long- and short-term-time frames which transmits through to trend and trigger charts. Learn more about time-frame analysis here: https://t.co/9S5tXIs3SX https://t.co/zPzJAxBJxt
  • Emotions are often a key driving force behind FOMO. If left unchecked, they can lead traders to neglect trading plans and exceed comfortable levels of risk. Read on and get your emotions in check here: https://t.co/eILWbFgHRE https://t.co/uf6KEYTes5
  • There are three major forex trading sessions which comprise the 24-hour market: the London session, the US session and the Asian session. Learn about the characteristics of each session here: https://t.co/reRmDe1Ksp https://t.co/gRjdVfbg66
  • Implementing a trading checklist is a vital part of the trading process because it helps traders to stay disciplined, stick to the trading plan, and builds confidence. Learn how to stick to the plan, stay disciplined, and use a checklist here: https://t.co/SQUCCYRCIk https://t.co/mLLGqYUygY
  • Use this technical analysis pattern recognition skills test to sharpen your knowledge: https://t.co/Qgz89PTxnu https://t.co/HUYJzEkYiT
  • #Gold prices put in a major breakout last month and, so far, buyers have held the line. But a really big Fed meeting is on the calendar for this week. Can Gold bulls hold? Get your market update from @JStanleyFX here: https://t.co/NGRTSfceOW https://t.co/QkSUORIQE2
  • Struggling to define key levels? Floor-Trader Pivots assist traders in identifying areas in a chart where price is likely to approach and can be used to set appropriate targets, while effectively managing risk. Learn how to use this indicator here: https://t.co/Ye4m1FMKUW https://t.co/PHK2sqB1jV
  • Top event risk for more than just the Dow and Dollar this week is the Wednesday #FOMC rate decision. What the markets expect sets the tone for how the event impacts price action. My run down of the week and Fed decision: https://www.dailyfx.com/forex/video/daily_news_report/2021/06/12/Dollar-and-SP-500-Breaks-Must-Abide-the-FOMC-Decision-This-Week.html https://t.co/Huvth4f706
  • What suits your style of trading stocks or commodities? Find out what are the differences in these two markets here: https://t.co/BnA07cMV0s https://t.co/AkE7bFRWAt
USD/CAD Probes Above 1.1100 Ceiling As Shooting Star Discounted

USD/CAD Probes Above 1.1100 Ceiling As Shooting Star Discounted

David de Ferranti, Currency Analyst

Talking Points

  • USD/CAD Technical Strategy: Sidelines Preferred
  • Shooting Star Candlestick Emerges Near 1.1100 Barrier
  • Sustained Advance Questionable Amid Choppy Price Action

USD/CAD continues to tease at a break beyond the 1.1100 ceiling as traders look past a Shooting Star formation on the daily. A daily close above the nearby barrier may open a climb towards the 1.1270 hurdle. Yet some skepticism over the potential for a sustained ascent is warranted given the pair’s frustratingly choppy price action over recent weeks.

USD/CAD: Break Of 1.1100 May Open Next Leg Higher To 1.1270

USD/CAD Probes Above 1.1100 Ceiling As Shooting Star Discounted

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

The four hour chart is signaling hesitation amongst the bulls near the 1.1095 mark. A Doji is taking shape, which indicates indecision, yet it is not considered a key reversal candlestick. As such awaiting a more constructive setup to present itself is preferred before adopting fresh positioning.

USD/CAD: Doji Highlights Hesitation Near Intraday Resistance

USD/CAD Probes Above 1.1100 Ceiling As Shooting Star Discounted

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

By David de Ferranti, Currency 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
Bullish