News & Analysis at your fingertips.

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. See our updated Privacy Policy here.

0

Notifications

Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events

0

Economic Calendar

Economic Calendar Events

0
Free Trading Guides
Subscribe
Please try again
More View more
Real Time News
  • Forex sentiment analysis can be a useful tool to help traders understand and act on price behavior. Learn how to get the most out of understanding trader sentiment here: https://t.co/rJznrXkcYz https://t.co/Vi2PMPsqg2
  • (Sentiment Weekly) S&P 500, Dow Jones Forecast: Retail Investors Intensify Bearish Exposure, Now What? *And recording of today's webinar in the article link below! #SP500 #DowJones https://www.dailyfx.com/forex/technical/article/special_report/2021/07/28/SP-500-Dow-Jones-Forecast-Retail-Investors-Intensify-Bearish-Exposure-Now-What.html?CHID=9&QPID=917702&utm_source=Twitter&utm_medium=Dubrovsky&utm_campaign=twr https://t.co/p5UmFwBTsg
  • 🇯🇵 Coincident Index Final (MAY) Actual: 92.1 Previous: 95.3 https://www.dailyfx.com/economic-calendar#2021-07-28
  • 🇯🇵 Leading Economic Index Final (MAY) Actual: 102.6 Previous: 103.8 https://www.dailyfx.com/economic-calendar#2021-07-28
  • Heads Up:🇯🇵 Leading Economic Index Final (MAY) due at 05:00 GMT (15min) Previous: 103.8 https://www.dailyfx.com/economic-calendar#2021-07-28
  • Heads Up:🇯🇵 Coincident Index Final (MAY) due at 05:00 GMT (15min) Previous: 95.3 https://www.dailyfx.com/economic-calendar#2021-07-28
  • Crude Oil Prices Risk Forming a “Lower High” on Viral Concerns, Stockpiles Fall https://www.dailyfx.com/forex/market_alert/2021/07/28/Crude-Oil-Prices-Risk-Forming-a-Lower-High-on-Viral-Concerns-Stockpiles-Fall-.html https://t.co/A8H9tICkse
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 94.37%, while traders in Wall Street are at opposite extremes with 75.02%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/8RDJ927lny
  • What is your forex trading style? Take the quiz and find out: https://t.co/YY3ePTpzSI https://t.co/DtSCe17vPg
  • Forex Update: As of 04:00, these are your best and worst performers based on the London trading schedule: 🇨🇦CAD: 0.14% 🇳🇿NZD: 0.04% 🇪🇺EUR: 0.04% 🇦🇺AUD: -0.02% 🇨🇭CHF: -0.03% 🇬🇧GBP: -0.03% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/5vk2L17zcp
USDCAD Resolution Possible on Tuesday

USDCAD Resolution Possible on Tuesday

Jamie Saettele, CMT, Sr. Technical Strategist

Daily Bars

eliottWaves_usd-cad_body_usdcad.png, USDCAD Resolution Possible on Tuesday

Prepared by Jamie Saettele, CMT

Last week’s action is a perfect example of a false break (at 2nd or even 3rd standard deviation band) after a tight range (see recent NZDUSD false bullish break). Price may be coiling for an explosive breakout, but that’s conjecture. There is little else to say at this point as the range, at least for now, lives on. The Bank of Canada rate decision is Tuesday at 9 am EST. In the event of an upside break, an objective is 10260 (breakout + range width or 10050 + (10050-9840)). 10160 would act as interim resistance.

Bottom Line (next 5 days) – ?

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

DISCLOSURES