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
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
Mixed
More View more
Real Time News
  • South Korea confirms 41 additional #coronavirus cases, bringing total to 82 -BBG
  • 🇨🇳 CNY 5-Year Loan Prime Rate (FEB), Actual: 4.75% Expected: 4.75% Previous: 4.8% https://www.dailyfx.com/economic-calendar#2020-02-20
  • 🇨🇳 CNY 1-Year Loan Prime Rate (FEB), Actual: 4.05% Expected: 4.05% Previous: 4.15% https://www.dailyfx.com/economic-calendar#2020-02-20
  • The #Euro may have more room to fall versus its major peers such as the US Dollar, Japanese Yen and British Pound. What is the technical picture of EUR/USD, EUR/JPY and EUR/GBP? Get your market update from @ddubrovskyFX here: https://t.co/M6fLA9g3BK https://t.co/9bSzv7ivVc
  • If you missed my coverage of the Australian jobs report where I discussed $AUDUSD, $AUDJPY, $AUDNZD and $AUDCAD, check out the recording on YouTube here - https://t.co/nZkHmgznFF
  • Heads Up:🇨🇳 CNY 1-Year Loan Prime Rate (FEB) due at 01:30 GMT (15min), Actual: N/A Expected: 4.05% Previous: 4.15% https://www.dailyfx.com/economic-calendar#2020-02-20
  • Heads Up:🇨🇳 CNY 5-Year Loan Prime Rate (FEB) due at 01:30 GMT (15min), Actual: N/A Expected: 4.75% Previous: 4.8% https://www.dailyfx.com/economic-calendar#2020-02-20
  • RT @LiveSquawk: Australian Labour Force Report Jan https://t.co/NM4a8MXFxB https://t.co/hcl4lI7cEM
  • 🇦🇺 AUD Full Time Employment Change (JAN), Actual: 46.2k Expected: N/A Previous: -1.8k https://www.dailyfx.com/economic-calendar#2020-02-20
  • 🇦🇺 AUD Employment Change (JAN), Actual: 13.5k Expected: 10.0k Previous: 28.7k https://www.dailyfx.com/economic-calendar#2020-02-20
Canadian Dollar Elliott Channel Failing-Supported at Recent Pivot

Canadian Dollar Elliott Channel Failing-Supported at Recent Pivot

2011-10-12 15:39:00
Jamie Saettele, CMT, Sr. Technical Strategist
Share:

Daily Bars

eliottWaves_usd-cad_body_usdcad.png, Canadian Dollar Elliott Channel Failing-Supported at Recent Pivot

Prepared by Jamie Saettele, CMT

The USDCAD has dropped below Elliott channel support but the 4th wave interpretation is favored as long as price is above the wave 1 high of 10008. The former 4th wave of one less degree at 10142 has been tested and ideally holds if the larger trend is up.

Trend Strength (M,W,D) – 1, 1, 0

Latest Video

Monthly Forecast

Weekly Forecast

COT

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

DISCLOSURES

News & Analysis at your fingertips.