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EUR/USD
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
News
EURUSD and USDCAD Reversals More Suitable to Conditions but Beholden to Fed
2021-07-28 03:00:00
US Dollar Outlook: Fed Decision Due – Will it Spark Fireworks?
2021-07-27 22:15:00
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
News
Crude Oil Prices Risk Forming a “Lower High” on Viral Concerns, Stockpiles Fall
2021-07-28 04:00:00
Can You Trust the US Dollar Rally? Oil Back on Track? - The Macro Setup
2021-07-27 17:20:00
Wall Street
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
News
Dow Jones Falls on Apple, Microsoft and Alphabet Earnings, Nikkei 225 May Follow
2021-07-28 01:00:00
Can You Trust the US Dollar Rally? Oil Back on Track? - The Macro Setup
2021-07-27 17:20:00
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
News
Can You Trust the US Dollar Rally? Oil Back on Track? - The Macro Setup
2021-07-27 17:20:00
Gold Prices Test $1800 Ahead of Fed Meeting, Real Yields Fall
2021-07-27 06:00:00
GBP/USD
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
News
US Dollar Outlook: Fed Decision Due – Will it Spark Fireworks?
2021-07-27 22:15:00
GBP/USD IG Client Sentiment: Traders Are Selling Reversion into Multi-Month Range
2021-07-27 20:53:00
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
News
Japanese Yen Outlook: USD/JPY Drops on Haven Flows as Traders Brace for FOMC
2021-07-27 23:00:00
US Dollar Outlook: Fed Decision Due – Will it Spark Fireworks?
2021-07-27 22:15:00
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  • 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
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  • Despite the IMF's update to 2021 growth forecasts and strong earnings after hours, risk trends are pacing like markets are worried. Traders are likely awaiting the Fed, and that has me look at $EURUSD and $USDCAD https://www.dailyfx.com/forex/video/daily_news_report/2021/07/28/EURUSD-and-USDCAD-Reversals-More-Suitable-to-Conditions-but-Beholden-to-Fed.html https://t.co/ywxD4wRAYX
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  • The British Pound could remain vulnerable against the US Dollar while perhaps looking to push higher against the Australian Dollar, Canadian Dollar and New Zealand Dollar.Get your market update from @ddubrovskyFX here:https://t.co/vvbsYTp4Cx https://t.co/o8Z9bsE0W1
  • Commodities Update: As of 02:00, these are your best and worst performers based on the London trading schedule: Oil - US Crude: 0.43% Gold: 0.23% Silver: 0.04% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/dRHbp3p0Ii
  • Forex Update: As of 02:00, these are your best and worst performers based on the London trading schedule: 🇨🇦CAD: 0.12% 🇪🇺EUR: 0.03% 🇬🇧GBP: 0.01% 🇳🇿NZD: -0.02% 🇨🇭CHF: -0.03% 🇦🇺AUD: -0.03% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/dANsuTmXWb
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USDCAD Nears Range Low at 9840

USDCAD Nears Range Low at 9840

Jamie Saettele, CMT, Sr. Technical Strategist

Daily Bars

eliottWaves_usd-cad_body_usdcad.png, USDCAD Nears Range Low at 9840

Prepared by Jamie Saettele, CMT

My best guess is that sideways trade in recent months composes a triangle. In this case, the triangle is bearish and a terminal thrust below 9841 would complete a bearish cycle. Until that happens, don’t waste your time looking at the USDCAD. There are better trades out there, including EURCAD and AUDCAD.

Bottom Line (next 5 days) – ?

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

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