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
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
GBP/USD
Bullish
USD/JPY
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
Gold
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
Oil - US Crude
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
Bitcoin
Bullish
More View more
Real Time News
  • European Opening Calls From IG: #FTSE 7554 -0.24% #DAX 13443 -0.54% #CAC 5978 -0.54% #AEX 608 -0.56% #MIB 23576 -0.55% #IBEX 9529 -0.47% #STOXX 3750 -0.51%
  • AUD/USD Technical Analysis: Key Aussie Dollar Support at Risk - https://www.dailyfx.com/forex/technical/home/analysis/aud-usd/2020/01/23/AUDUSD-Technical-Analysis-Key-Aussie-Dollar-Support-at-Risk.html?CHID=9&QPID=917708&utm_source=Twitter&utm_medium=Spivak&utm_campaign=twr #AUDUSD #technicalanalysis https://t.co/cVBAkQiQAC
  • #Singapore CPI clocked in at 0.8% y/y in December versus 0.7% expected, was the fastest pace since April 2019. $USDSGD trading higher though as the "risk-off" tone in Asia prolongs and is arguably overshadowing monetary policy fundamentals #MAS #SP500 https://t.co/TDNEiRcVBm
  • Have you joined @DailyFX @facebook group yet? Discuss your #forex strategies and brush up on your skills with us here: https://t.co/jtY1G7g8yx https://t.co/6n0HiLDDGm
  • For those that have read my #NZD technical special report, my colleague @IlyaSpivak will be discussing the fundamental side of things when he covers New Zealand CPI tomorrow. Signup for the session below! https://t.co/UpehrZ0ml2
  • Will an uptick in New Zealand CPI lift #NZD, or will an already neutral #RBNZ outlook be overshadowed by risk-off selling? Join live coverage of the data release, starting at 21:30 GMT - https://t.co/1uM3FCdxuQ
  • We apologize for any inconveniences, but @CVecchioFX "Central Bank Weekly" webinar will not be occurring later today. We will however be covering the #ECB rate decision, hosted by Analyst @JMcQueenFX, starting at 12:45 GMT. Signup for the session here - https://t.co/jNAAUmQ1j8
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 97.40%, while traders in US 500 are at opposite extremes with 76.82%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/WZWcYgo7iV
  • Traders undeniably over complicate matters when starting out. However, more complex trading strategies are not necessarily more profitable. Keep your trading strategy simple with these four highly effective indicators: https://t.co/FDOnHdj4sQ https://t.co/WWDL8khdy8
  • Forex Update: As of 05:00, these are your best and worst performers based on the London trading schedule: 🇯🇵JPY: 0.25% 🇦🇺AUD: 0.25% 🇨🇭CHF: -0.02% 🇳🇿NZD: -0.12% 🇬🇧GBP: -0.13% 🇨🇦CAD: -0.25% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/JM70E0rhCL
USDCAD Tests 200 Day Average Yet Again

USDCAD Tests 200 Day Average Yet Again

2012-03-29 23:35:00
Jamie Saettele, CMT, Sr. Technical Strategist
Share:

Daily Bars

eliottWaves_usd-cad_body_usdcad.png, USDCAD Tests 200 Day Average Yet Again

Prepared by Jamie Saettele, CMT

No change: “When the market lulls you to sleep, drink some coffee and look at long term charts. Application of that exercise to the USDCAD reveals a potentially powerful long term bullish base. Still, 10050 remains the near term pivot. As long as price is below that level, we cannot rule out a thrust from a bearish triangle towards 9725.”

Bottom Line (next 5 days) – ?

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

DISCLOSURES

News & Analysis at your fingertips.