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EUR/USD
Mixed
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of clients are net long.
of clients are net short.
Long Short

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Euro Price Outlook - Stuck in Sideways Pattern for Now, Pushing Against Resistance
2021-02-24 09:41:00
Euro Forecast: EUR/JPY, EUR/USD Remain Poised for Gains; EUR/GBP Eyes March 2020 Low
2021-02-23 17:24:00
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Bullish
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High
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of clients are net short.
Long Short

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Crude Oil Prices Explode Higher - Are Gains Sustainable?
2021-02-24 17:10:00
Copper, Crude Oil Prices Surge. Eyes on Fed Chair Jerome Powell for Next Moves
2021-02-23 06:00:00
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of clients are net short.
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Nasdaq 100 Suffers Breakdown as Dow Jones Treads Water - Stock Market Forecast
2021-02-24 17:00:00
Dow Jones & S&P 500 Technical Analysis: DJIA Holding Up Well
2021-02-24 13:30:00
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of clients are net short.
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Gold and Silver Price Forecast: Treasury Rates, Negative Yielding Debt Pressure Prices
2021-02-24 06:00:00
Gold Price Forecast: Rising Yields Complicate Rebound Effort - Levels for XAU/USD
2021-02-23 20:15:00
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of clients are net short.
Long Short

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Nasdaq Whacked by US Rates Rally, GBP Overnight Spike Faded - US Market Open
2021-02-24 15:05:00
British Pound (GBP) Latest: GBP/USD Strength to Persist, Correction Possible First
2021-02-24 09:00:00
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Mixed
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of clients are net long.
of clients are net short.
Long Short

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US Dollar Outlook: NZD/USD Volatility Spikes Ahead of RBNZ
2021-02-23 22:35:00
Central Bank Watch: Fed Speeches, Interest Rate Expectations Update
2021-02-23 19:30:00
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  • Fed Chair Powell: - Haven't yet seen the labor market scarring we were concerned about - Labor market has come back faster and bankruptcies have been lower than anticipated - Prospect to get back to a much better place in the second half of the year #Fed $USD
  • $AUDUSD has surged by over 40-pips over the last two hours, taking out the prior session highs. This move pushed the pair to a high of 0.7945, a new highest level since early 2018. $AUD $USD https://t.co/8iSZY4RHQC
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 89.49%, while traders in Wall Street are at opposite extremes with 75.93%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/Kvis4fAcuC
  • Heads Up:🇺🇸 Fed Clarida Speech due at 18:00 GMT (15min) https://www.dailyfx.com/economic-calendar#2021-02-24
  • Fed Chair Powell: - The public and the world have confidence in the dollar #Fed $USD
  • The RBNZ noted that operational work to enable the OCR to be taken negative if required has now been complete. Get your $NZD market update from @JMcQueenFX here:https://t.co/R1UTWCHdqT https://t.co/2v0yTvBorT
  • Commodities Update: As of 17:00, these are your best and worst performers based on the London trading schedule: Oil - US Crude: 2.50% Silver: 0.33% Gold: -0.31% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/eJbD5UV2zK
  • Fed Chair Powell: - We are not acting on forecasts with regards to our policy, only actual data - There is reason for optimism for 2H 2021 if we control the virus #Fed $USD
  • Forex Update: As of 17:00, these are your best and worst performers based on the London trading schedule: 🇳🇿NZD: 0.85% 🇨🇦CAD: 0.45% 🇦🇺AUD: 0.33% 🇪🇺EUR: -0.06% 🇨🇭CHF: -0.25% 🇯🇵JPY: -0.63% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/8HJgkiaCXO
  • Fed Chair Powell - Drawdown in Treasury account at Fed could lower rates $USD
FOREX Technical Analysis: USD/CAD Has Yet to Join the Party

FOREX Technical Analysis: USD/CAD Has Yet to Join the Party

Jamie Saettele, CMT, Sr. Technical Strategist

Daily Bars

eliottWaves_usd-cad_body_usdcad.png, FOREX Technical Analysis: USD/CAD Has Yet to Join the Party

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: Flat…there are opportunities all over the place but not here.

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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