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
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
GBP/USD
Bearish
USD/JPY
Bullish
Gold
Mixed
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
Bitcoin
Bearish
More View more
Real Time News
  • February saw buyers continue to press the matter, as $USDCAD scaled all the way up for a re-test of the November highs around 1.3325. Get your USD/CAD technical analysis from @JStanleyFX here: https://t.co/eqJqVDPtkF https://t.co/IGcle1az9e
  • US Eight-Week Bills Draw 1.570% Primary Dealers Accepted: 47.6% Indirect Bidders Accepted: 49.6% Direct Bidders Accepted: 2.8% B/C Ratio: 2.77
  • US Four-Week Bills Draw 1.575% Primary Dealers Accepted: 54.4% Indirect Bidders Accepted: 42.7% Direct Bidders Accepted: 2.9% B/C Ratio: 2.69
  • February saw buyers continue to press the matter, as $USDCAD scaled all the way up for a re-test of the November highs around 1.3325.Get your USD/CAD marketing update from @JStanleyFX here: https://t.co/eqJqVDPtkF https://t.co/qOq7siTe8c
  • South Africa's Eskom says there is a possibility for increased loadshedding over the next 18-months $ZAR
  • Update on #Cryptocurrencies #BITCOIN -0.58% #BITCOINCASH -4.38% #ETHEREUM -3.91% #RIPPLE -3.93% #LITECOIN -3.67%
  • 🇺🇸 USD DOE U.S. Crude Oil Inventories (FEB 14), Actual: 415k Expected: 2825k Previous: 7459k https://www.dailyfx.com/economic-calendar#2020-02-20
  • Forex Update: As of 15:00, these are your best and worst performers based on the London trading schedule: 🇨🇭CHF: 0.13% 🇪🇺EUR: -0.04% 🇨🇦CAD: -0.13% 🇯🇵JPY: -0.67% 🇳🇿NZD: -0.67% 🇦🇺AUD: -0.82% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/6eIS0mj1JA
  • Heads Up:🇺🇸 USD DOE U.S. Crude Oil Inventories (FEB 14) due at 16:00 GMT (15min), Actual: N/A Expected: 2825k Previous: 7459k https://www.dailyfx.com/economic-calendar#2020-02-20
  • The Citi US Economic Surprise Index rises to 55.60 after better-than-expected economic data in recent weeks $DXY $SPX $DJI https://t.co/hhAoB9YSq6
Canadian Dollar Rips Through Channel-Focus is on 10675

Canadian Dollar Rips Through Channel-Focus is on 10675

2011-10-04 14:36:00
Jamie Saettele, CMT, Sr. Technical Strategist
Share:

Daily Bars

eliottWaves_usd-cad_body_usdcad.png, Canadian Dollar Rips Through Channel-Focus is on 10675

Prepared by Jamie Saettele, CMT

USDCAD focus remains higher towards 10675 (July and August 2010 highs) and the Fibonacci extension at 10695, especially now that price has exceeded the corrective channel. Short term supports are 10523 and 10465. The upside is favored against 10431. A move into the 10675-10700 area will complete a 3rd wave rally and give way to consolidation / weakness in a 4th wave.

Trend Strength (M,W,D) – 1, 2, 2

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 and follow hom on Twitter @JamieSaettele.

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

DISCLOSURES

News & Analysis at your fingertips.