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.

Free Trading Guides
EUR/USD
Bullish
GBP/USD
Mixed
USD/JPY
Mixed
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
Oil - US Crude
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
Bitcoin
Bearish
More View more
Real Time News
  • 🇨🇦 CAD Consumer Price Index (YoY) (JAN), Actual: 2.4% Expected: 2.3% Previous: 2.2% https://www.dailyfx.com/economic-calendar#2020-02-19
  • 🇺🇸 USD Building Permits (MoM) (JAN), Actual: 9.2% Expected: 2.1% Previous: -3.7% https://www.dailyfx.com/economic-calendar#2020-02-19
  • 🇺🇸 USD Housing Starts (MoM) (JAN), Actual: -3.6% Expected: -12.0% Previous: 17.7% https://www.dailyfx.com/economic-calendar#2020-02-19
  • #DidYouKnow the global trade volumes dropped by close to 10% amid the Great Recession. Want to know your #tradewars history? Get it here: https://t.co/f4loFVimeY https://t.co/3TyNIUeS33
  • 🇺🇸 USD Building Permits (MoM) (JAN), Actual: 9.2% Expected: 2.1% Previous: -3.9% https://www.dailyfx.com/economic-calendar#2020-02-19
  • 🇺🇸 USD Housing Starts (MoM) (JAN), Actual: -3.6% Expected: -12.0% Previous: 16.9% https://www.dailyfx.com/economic-calendar#2020-02-19
  • 🇨🇦 CAD Consumer Price Index n.s.a. (MoM) (JAN), Actual: 0.3% Expected: 0.2% Previous: 0.0% https://www.dailyfx.com/economic-calendar#2020-02-19
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 96.92%, while traders in France 40 are at opposite extremes with 80.11%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/ZWJNMPqjFm
  • Forex Update: As of 13:00, these are your best and worst performers based on the London trading schedule: 🇨🇦CAD: 0.28% 🇳🇿NZD: 0.17% 🇪🇺EUR: 0.07% 🇨🇭CHF: -0.02% 🇬🇧GBP: -0.07% 🇯🇵JPY: -0.59% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/IlSH3Lna8n
  • Heads Up:🇺🇸 USD Building Permits (MoM) (JAN) due at 13:30 GMT (15min), Actual: N/A Expected: 2.1% Previous: -3.9% https://www.dailyfx.com/economic-calendar#2020-02-19
Canadian Dollar 9850 is a Level of Short Term Interest

Canadian Dollar 9850 is a Level of Short Term Interest

2011-09-06 14:58:00
Jamie Saettele, CMT, Sr. Technical Strategist
Share:

Daily Bars

eliottWaves_usd-cad_1_body_usdcad.png, Canadian Dollar 9850 is a Level of Short Term Interest

Prepared by Jamie Saettele, CMT

The USDCAD turn higher leaves the USDCAD decline from 10007 in 3 waves (with triangle wave b) so the next bull leg may be underway. An objective is the 100% extension of the rally from 9409, at 10325. This level is close to a pivot high from October 2010 at 10373. A short term impulsive rally (5 waves) may be nearing completion. A setback into 9850 would present a long entry opportunity against 9725.

Come See Me In Las Vegas!

Trend Strength (M,W,D) – 0, 0, 0

Latest Video

Monthly Forecast

Weekly Forecast

COT

Jamie Saettele publishes Daily Technicals every weekday morning, COT analysis (published Monday), technical analysis of currency crosseson Wednesday and Friday (Euro and Yen crosses), and intraday trading strategy as market action dictates at the DailyFX Forex Stream. A graduate of Bucknell University, he holds the Chartered Market Technician (CMT) designation from the Market Technician Association. He is the author of Sentiment in the Forex Market.  Send requests to receive his reports via email to jsaettele@dailyfx.com.

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

DISCLOSURES

News & Analysis at your fingertips.