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EUR/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.

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US Dollar Outlook: DXY Index Rejects 50-Day Moving Average
2021-02-24 23:50:00
Euro Price Outlook - Stuck in Sideways Pattern for Now, Pushing Against Resistance
2021-02-24 09:41:00
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.

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Crude Oil Price Forecast: Demand and Supply Drivers Firing on All Cylinders
2021-02-25 04:30:00
Crude Oil Prices Explode Higher - Are Gains Sustainable?
2021-02-24 17:10:00
Wall Street
Bullish
Low
High
of clients are net long.
of clients are net short.
Long Short

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Stock Market Forecast for the Week Ahead: Growth to Value Rotation Heats Up
2021-02-24 22:30:00
Nasdaq 100 Suffers Breakdown as Dow Jones Treads Water - Stock Market Forecast
2021-02-24 17:00:00
Gold
Bullish
Low
High
of clients are net long.
of clients are net short.
Long Short

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Gold Price Outlook: Gold Recovery First Test at Trend Resistance
2021-02-24 20:00:00
Gold and Silver Price Forecast: Treasury Rates, Negative Yielding Debt Pressure Prices
2021-02-24 06:00:00
GBP/USD
Mixed
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High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

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US Dollar Outlook: DXY Index Rejects 50-Day Moving Average
2021-02-24 23:50:00
Nasdaq Whacked by US Rates Rally, GBP Overnight Spike Faded - US Market Open
2021-02-24 15:05:00
USD/JPY
Mixed
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High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

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US Dollar Outlook: DXY Index Rejects 50-Day Moving Average
2021-02-24 23:50:00
US Dollar Outlook: NZD/USD Volatility Spikes Ahead of RBNZ
2021-02-23 22:35:00
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USD/CAD Piercing Line Pattern Falls Flat As Intraday Whipsaws Endure

USD/CAD Piercing Line Pattern Falls Flat As Intraday Whipsaws Endure

David de Ferranti, Currency Analyst

Talking Points

  • Strategy: Flat
  • Piercing Line Pattern Left Lacking Confirmation
  • H4 Chart Leaves Clearer Candlestick Cues Desired

USD/CAD’s most recent Piercing Line pattern has failed to find confirmation from a successive up-day. This is unsurprising given the pair’s tendency towards violent intraday whipsaws. This further suggests caution is required when looking to adopt fresh positioning.

USD/CAD: Piercing Line Pattern Fails To Find Confirmation

USD/CAD Piercing Line Pattern Falls Flat As Intraday Whipsaws Endure

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

The four hour chart appears lacking of key reversal candlestick patterns. This leaves a more constructive setup desired to offer a clearer technical bias.

USD/CAD: Candlestick Reversal Patterns Lacking In Intraday Trade

USD/CAD Piercing Line Pattern Falls Flat As Intraday Whipsaws Endure

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

By David de Ferranti, Currency Analyst, DailyFX

Follow David on Twitter: @DaviddeFe

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