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
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
Oil - US Crude
Bearish
Wall Street
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
Gold
Mixed
GBP/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
USD/JPY
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
More View more
Real Time News
  • Slippage can be a common occurrence in forex trading but is often misunderstood. Understanding how forex slippage occurs can enable a trader to minimize negative slippage, while potentially maximizing positive slippage. Learn about FX slippage here: https://t.co/Blrl0uF2Ct https://t.co/I5Xqrl4iaX
  • RT @ZabelinDimitri: My latest piece on how the ongoing Colombian protests, surging commodity prices, and #USD dynamics will affect #USDCOP…
  • Singapore's Straits Times Index plunged over 2% after the government tightened Covid-related restrictions. https://t.co/pSBPfZPTPP
  • Do you know how to properly Identify a double top formation? Double tops can enhance technical analysis when trading both forex or stocks, making the pattern highly versatile in nature. Learn more about the double top formation here: https://t.co/t9Flsqcxo9 https://t.co/xyCBWO9Kqm
  • Heads Up:🇫🇷 Unemployment Rate (Q1) due at 05:30 GMT (15min) Previous: 8% https://www.dailyfx.com/economic-calendar#2021-05-14
  • (Commodities Briefing) Gold Price Forecast: Will XAU/USD Shrug off a Higher US Retail Sales Outcome? #Gold #XAUUSD https://www.dailyfx.com/forex/fundamental/daily_briefing/daily_pieces/commodities/2021/05/14/Gold-Price-Forecast-Will-XAUUSD-Shrug-off-a-Higher-US-Retail-Sales-Outcome.html?CHID=9&QPID=917702&utm_source=Twitter&utm_medium=Dubrovsky&utm_campaign=twr https://t.co/v4b3T9PWcG
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 91.08%, while traders in France 40 are at opposite extremes with 70.81%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/15tLCxUZn4
  • Trading Forex is not a shortcut to instant wealth, excessive leverage can magnify losses, and sentiment is a powerful indicator. Learn about these principles in depth here: https://t.co/lZFM8youtX https://t.co/jF2isjXGba
  • Forex Update: As of 04:00, these are your best and worst performers based on the London trading schedule: 🇪🇺EUR: 0.07% 🇨🇭CHF: 0.05% 🇦🇺AUD: -0.00% 🇨🇦CAD: -0.06% 🇳🇿NZD: -0.07% 🇯🇵JPY: -0.07% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/B0rRcDvXfo
  • Indices Update: As of 04:00, these are your best and worst performers based on the London trading schedule: France 40: 0.73% Germany 30: 0.71% FTSE 100: 0.67% US 500: 0.48% Wall Street: 0.40% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/6Ds7o5Hf8V
USDCAD Intraday Volatility Leaves A Hanging Man In Its Wake

USDCAD Intraday Volatility Leaves A Hanging Man In Its Wake

David de Ferranti, Currency Analyst

Talking Points

  • USD/CAD Technical Strategy: Sidelines Preferred
  • Hanging Man May See Lackluster Response
  • Morning Star Hinted At An Intraday Recovery

USD/CAD continues to swing wildly around the 1.1270 mark with an intraday recovery producing a Hanging Man formation on the daily. Yet recent key reversal patterns have found little follow-through, casting some doubt on a strong reaction to the bearish signal. Strong buying interest is likely to be renewed at the 1.1100 floor.

USD/CAD: Swings Around 1.1270 Produce A Hanging Man Formation

USDCAD Intraday Volatility Leaves A Hanging Man In Its Wake

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

A Morning Star candlestick formation on the four hour chart offered an early indication that the bulls were looking to return to the pair. However, some more recent short-body candlesticks suggest indecision near the 1.1265/70 mark. This leaves a more constructive setup desired to offer a clearer directional bias.

USD/CAD: Morning Star Hinted At Intraday Recovery

USDCAD Intraday Volatility Leaves A Hanging Man In Its Wake

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