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Mixed
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High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

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US Dollar Rip, Dip, Rip Around CPI: EUR/USD, USD/CAD
2021-05-12 16:45:00
EUR/USD Rally Stalls Ahead of February High Even as ECB Slows PEPP
2021-05-12 14:00:00
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of clients are net long.
of clients are net short.
Long Short

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Oil Price Stuck in May Opening Range After Failing to Test March High
2021-05-13 14:00:00
Crude Oil Prices at Risk if US PPI Data Echoes the Consumer Inflation Beat
2021-05-13 06:00:00
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of clients are net long.
of clients are net short.
Long Short

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How to Research Stocks: A Step by Step Guide
2021-05-14 02:00:00
Dow Jones Analysis: Stocks Rebound From Recent Losses as Disney Earnings Disappoint
2021-05-13 20:30:00
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Gold Price Forecast: Progressing Towards Multi-Month Resistance - Levels for XAU/USD
2021-05-13 19:00:00
Is Gold a Good Inflation Hedge? - XAU/USD Rejected at Key Trendline, Focus on US PPI
2021-05-13 08:00:00
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Long Short

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Pound Technical Outlook: GBP/USD Testing Support, Trend
2021-05-13 12:30:00
GBP/USD Shrugs at UK GDP, May Drop on US CPI Data
2021-05-12 06:13:00
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Long Short

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US Dollar Outlook: DXY Index Eyes Retail Sales Data, Yields
2021-05-13 22:30:00
US Dollar Rockets Higher as Inflation Spikes to 4.2% in April
2021-05-12 13:15:00
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FOREX Technical Analysis: USD/CAD Seemingly in a Coma

FOREX Technical Analysis: USD/CAD Seemingly in a Coma

Jamie Saettele, CMT, Sr. Technical Strategist

Daily Bars

eliottWaves_usd-cad_body_usdcad.png, FOREX Technical Analysis: USD/CAD Seemingly in a Coma

Chart Prepared by Jamie Saettele, CMT

FOREXAnalysis: “The 5 wave rally from 9632 does suggest that the trend is higher from that point. The goal now is to identify the secondary low (wave 2 or B).” Weakness from here would shift focus to 9794 (Fibonacci level) and the 100% extension of the decline from the November at 9740. Watch channel support as well (if reached).

FOREXTrading Strategy: Look lower as long as price is below 9884 towards 9740.

LEVELS: 9740 9764 9815 9884 9923 9970

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

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