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.

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
Mixed
Wall Street
Bearish
Gold
Bearish
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
Bullish
More View more
Real Time News
  • The CPI data have done more to threaten $SPX and Dollar volatility than the NFPs, GDP, Fed stability report, FOMC decision and a host of other data points before it. But can we break critical levels ahead? And what about $BTCUSD? Anti-fiat or risk asset? https://www.dailyfx.com/forex/video/daily_news_report/2021/05/13/Dollar-or-SP-500-Which-Faces-the-Biggest-Post-CPI-Reversal-Risk.html https://t.co/SMBm3DLolp
  • The US Dollar may fall versus ASEAN currencies if dovish Fed speak extends the boost in sentiment after a huge miss in non-farm payrolls. USD/PHP is eyeing the Philippine Central Bank. Get your market update here:https://t.co/BKjG92HWzX https://t.co/xqYMqTPopJ
  • RT @FxWestwater: #Gold Price Forecast: XAU Eyes US Retail Sales After CPI Boosts Fed Rate Bets Link: https://www.dailyfx.com/forex/fundamental/daily_briefing/daily_pieces/commodities/2021/05/13/Gold-Price-Forecast-XAU-Eyes-US-Retail-Sales-After-CPI-Boosts-Fed-Rate-Bets.html?CHID=9&QPID=917708&utm_source=Twitter&utm_medium=Westwater&utm_campaign=twr https://t.co/…
  • Global stock markets may see turbulent volatility if darkening clouds over Washington’s relations with Beijing turn into a geopolitical storm. Which assets will be the lifeboat? Find out here:https://t.co/RkFI6qAyik https://t.co/Awzq41ivHb
  • Commodities Update: As of 02:00, these are your best and worst performers based on the London trading schedule: Silver: 0.52% Gold: 0.35% Oil - US Crude: -0.55% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/Htj3uZR1g5
  • BoJ's Kuroda: - ETF buying is an unusual measure for a central bank to take - BBG
  • Forex Update: As of 02:00, these are your best and worst performers based on the London trading schedule: 🇳🇿NZD: 0.21% 🇨🇦CAD: 0.19% 🇯🇵JPY: 0.13% 🇬🇧GBP: 0.12% 🇪🇺EUR: 0.11% 🇨🇭CHF: 0.09% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/8JU9UqUVzl
  • BoJ's Kuroda: - Mergers are an option for regional banks facing tougher operating conditions - BBG $USDJPY
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 91.23%, while traders in GBP/USD are at opposite extremes with 64.62%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/L6KG8KlynJ
  • (APAC Stocks Briefing) Dow Jones, Nasdaq 100, Nikkei 225, ASX 200 Outlook Vulnerable After 2008 High US CPI #DowJones #NASDAQ #Nikkei #ASX200 #CPI #Fed https://www.dailyfx.com/forex/market_alert/2021/05/13/Dow-Jones-Nasdaq-100-Nikkei-225-ASX-200-Outlook-Vulnerable-After-2008-High-US-CPI.html?CHID=9&QPID=917702&utm_source=Twitter&utm_medium=Dubrovsky&utm_campaign=twr https://t.co/KpkCUa9GNQ
USD/CAD Tests Critical Barrier As Intraday Dojis Denote Indecision

USD/CAD Tests Critical Barrier As Intraday Dojis Denote Indecision

David de Ferranti, Currency Analyst

Talking Points

  • USD/CAD Technical Strategy: Sidelines Preferred
  • Doji Candlestick Indicated Reluctance From The Bulls
  • H4 Chart Highlights Indecision Near the 1.1220 Floor

USD/CAD is at a critical juncture as it probes below the 1.1220 floor after a Doji signaled reluctance from the bulls to lead the pair. A daily close under the barrier may be the precursor to a deeper setback. Yet it’s susceptibility to intraday whipsaws suggests caution is warranted when adopting fresh positioning.

USD/CAD: Doji Suggested Indecision Near Recent Peaks

USD/CAD Tests Critical Barrier As Intraday Dojis Denote Indecision

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

The four hour chart highlights the extent of hesitation from traders near the 1.1215/20 barrier. A parade of Dojis does little to offer a clear directional bias over the session ahead. A close below the nearby floor would be required to warn of a more significant correction. .

USD/CAD: Intraday Dojis Highlight Indecision Near Noteworthy Floor

USD/CAD Tests Critical Barrier As Intraday Dojis Denote Indecision

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