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
  • Greed is a natural human emotion that affects individuals to varying degrees. Unfortunately, when viewed in the context of trading, greed has proven to be a hindrance more often than it has assisted traders. Learn how to control greed in trading here: https://t.co/kODPAfJE79 https://t.co/cg1xX4B68o
  • Emotions are often a key driving force behind FOMO. If left unchecked, they can lead traders to neglect trading plans and exceed comfortable levels of risk. Read on and get your emotions in check here: https://t.co/eILWbFgHRE https://t.co/iE8mGqZtLX
  • Commodities Update: As of 02:00, these are your best and worst performers based on the London trading schedule: Oil - US Crude: 0.17% Gold: -0.11% Silver: -0.24% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/le5P0D0CaR
  • Forex Update: As of 02:00, these are your best and worst performers based on the London trading schedule: 🇳🇿NZD: 0.31% 🇯🇵JPY: 0.09% 🇬🇧GBP: 0.06% 🇪🇺EUR: 0.03% 🇨🇭CHF: 0.03% 🇨🇦CAD: -0.03% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/tEzSWPH3NA
  • Tencent Holdings (700 HK) slumped over 9% amid fears about regulatory risks over the gaming sector. Chinese state media published an article on Tuesday citing online games as "opium" to teenagers, spurring concerns about Tencent's future. https://t.co/4uFjwKh3kC
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 92.81%, while traders in France 40 are at opposite extremes with 79.46%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/aKwIeXVnVk
  • 🇦🇺 Investment Lending for Homes (JUN) Actual: 0.7% Previous: 13.3% https://www.dailyfx.com/economic-calendar#2021-08-03
  • 🇦🇺 Home Loans MoM (JUN) Actual: -2.5% Previous: 1.9% https://www.dailyfx.com/economic-calendar#2021-08-03
  • 🇦🇺 Building Permits MoM Prel (JUN) Actual: -6.7% Expected: -4.5% Previous: -7.1% https://www.dailyfx.com/economic-calendar#2021-08-03
  • Heads Up:🇦🇺 Building Permits MoM Prel (JUN) due at 01:30 GMT (15min) Expected: -4.5% Previous: -7.1% https://www.dailyfx.com/economic-calendar#2021-08-03
FOREX Technical Analysis: USD/CAD Focus Remains Fibonacci Level Near 9800

FOREX Technical Analysis: USD/CAD Focus Remains Fibonacci Level Near 9800

Jamie Saettele, CMT, Sr. Technical Strategist

Daily Bars

FOREX_Technical_Analysis_USDCAD_Focus_Remains_Fibonacci_Level_Near_9800_body_usdcad.png, FOREX Technical Analysis: USD/CAD Focus Remains Fibonacci Level Near 9800

Chart Prepared by Jamie Saettele, CMT

FOREXAnalysis: “The USDCAD rally from September is in 5 waves therefore the reversal should be respected. The most common retracement area following 5 wave movements is the former 4th wave, which comes in at 9874.” Price has already dropped beneath 9874 and probed the 50% retracement of the rally from 9632 today (closing right at the level). The 61.8% at 9794 intersects with a downward sloping channel on Thursday.

FOREXTrading Strategy: I’m still on the lookout for a reversal from slightly lower levels.

LEVELS: 9717 9794 9826 9905 9954 10009

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

DISCLOSURES