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
GBP/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
More View more
Real Time News
  • Heads Up:🇷🇺 Markit Manufacturing PMI (JUL) due at 06:00 GMT (15min) Previous: 49.2 https://www.dailyfx.com/economic-calendar#2021-08-02
  • Heads Up:🇩🇪 Retail Sales YoY (JUN) due at 06:00 GMT (15min) Previous: -2.4% https://www.dailyfx.com/economic-calendar#2021-08-02
  • GBPUSD trend may be resuming after trendline break - #GBPUSD chart https://t.co/EirIlTO60R
  • 🇯🇵 Consumer Confidence (JUL) Actual: 37.5 Previous: 37.4 https://www.dailyfx.com/economic-calendar#2021-08-02
  • 🇮🇳 Markit Manufacturing PMI (JUL) Actual: 55.3 Expected: 50.5 Previous: 48.1 https://www.dailyfx.com/economic-calendar#2021-08-02
  • Heads Up:🇯🇵 Consumer Confidence (JUL) due at 05:00 GMT (15min) Previous: 37.4 https://www.dailyfx.com/economic-calendar#2021-08-02
  • Heads Up:🇮🇳 Markit Manufacturing PMI (JUL) due at 05:00 GMT (15min) Expected: 50.5 Previous: 48.1 https://www.dailyfx.com/economic-calendar#2021-08-02
  • Trading bias allows traders to make informative decisions when dealing in the market. This relates to both novice and experienced traders alike. Start learning how you may be able to make more informed decisions here: https://t.co/rz7fqhRoMG https://t.co/Cp7rWEyFSQ
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 92.66%, while traders in Wall Street are at opposite extremes with 74.99%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/3A9cyM59SZ
  • Forex Update: As of 04:00, these are your best and worst performers based on the London trading schedule: 🇪🇺EUR: 0.03% 🇯🇵JPY: 0.00% 🇦🇺AUD: -0.03% 🇨🇦CAD: -0.04% 🇨🇭CHF: -0.04% 🇳🇿NZD: -0.08% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/BKGiHCcP2s
USDCAD Measured Level at 9859 Holding For Now

USDCAD Measured Level at 9859 Holding For Now

Jamie Saettele, CMT, Sr. Technical Strategist

60 Minute Bars

eliottWaves_usd-cad_body_usdcad.png, USDCAD Measured Level at 9859 Holding For Now

Prepared by Jamie Saettele, CMT

“The latest USDCAD thrust lower occurs following formation of a triangle. The implications are for a reversal and return to 9970. In the event that the near term reversal plays out, a rally above 10085 is still needed in order to suggest that the larger trend has reversed.” Objectives for triangle breakouts can be measured by extending the widest part of the triangle (75 pips) from the break of the triangle 9894 or the end of the final leg within the triangle (9934). The objectives are 9859 and 9819. The former level has been reached and held for several days, increasing confidence in the call for a turn.

LEVELS: 9799 9819 9859 9905 9940 9970

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

DISCLOSURES