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Euro Forecast: Outlook for EUR/USD Still Bullish, More Stimulus Planned
2020-06-06 20:00:00
Dow Soars Above 200-Day Average on NFPs, Will the Fed Keep the Dollar Sliding
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Sterling Price Outlook: Pound Surges into Critical Fibonacci Resistance
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Gold Sinks, USD/JPY Surges as NFP Report Smashes Expectations
2020-06-05 12:40:00
NFP: Nonfarm Payrolls Drives the US Dollar & Forex Volatility
2020-06-04 21:30:00
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  • The $USD breakdown has taken the index into confluence support at the objective yearly open. Get your USD technical analysis from @MBForex here: https://t.co/A16XEv6n4d https://t.co/GzEp3gCAe5
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  • The $USD, Euro, British Pound and Australian Dollar will all be at the mercy of political developments in Asia, Europe and North America this week. An avalanche of PMI data will set the backdrop. Find out from @ZabelinDimitri here: https://t.co/L8cfAgVx94 https://t.co/THWhPAS6AM
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USDCAD Large Range Unfolds in Emotional Market

USDCAD Large Range Unfolds in Emotional Market

2012-10-17 23:18:00
Jamie Saettele, CMT, Sr. Technical Strategist
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Daily Bars

eliottWaves_usd-cad_body_usdcad.png, USDCAD Large Range Unfolds in Emotional Market

Prepared by Jamie Saettele, CMT

“As long as price remains below 9883, then a bearish outcome is possible but a break higher exposes 9928.” The USDCAD erased all of Tuesday’s gains in what undoubtedly fooled the majority. Look lower on balance over the next few days but support is stacked from 9717 to 9728. I will be looking for signs of exhaustion and reversal below 9734.

LEVELS: 9684 9717 9760 9818 9884 9928

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

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