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.

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
EUR/USD
Bullish
Oil - US Crude
Bullish
Wall Street
Bearish
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
Gold
Bearish
GBP/USD
Bearish
USD/JPY
Bullish
More View more
Real Time News
  • Heads Up:🇩🇪 Inflation Rate MoM Prel (JAN) due at 13:00 GMT (15min) Expected: 0.4% Previous: 0.5% https://www.dailyfx.com/economic-calendar#2021-01-28
  • Heads Up:🇩🇪 Inflation Rate YoY Prel (JAN) due at 13:00 GMT (15min) Expected: 0.7% Previous: -0.3% https://www.dailyfx.com/economic-calendar#2021-01-28
  • A forex trader is strategic, disciplined and always switched on to the markets. Learn how to build an FX mindset here: https://t.co/tB3aAErd70 https://t.co/YVwBx3dOSb
  • 🇧🇷 Unemployment Rate (NOV) Actual: 14.1% Expected: 14% Previous: 14.3% https://www.dailyfx.com/economic-calendar#2021-01-28
  • 🇲🇽 Balance of Trade (DEC) Actual: $4.154B Expected: $4.6B Previous: $3.032B https://www.dailyfx.com/economic-calendar#2021-01-28
  • 🇲🇽 Balance of Trade (DEC) Actual: $6.262B Expected: $4.6B Previous: $3.032B https://www.dailyfx.com/economic-calendar#2021-01-28
  • 🇧🇷 Unemployment Rate (NOV) Actual: 14.1 Expected: 14% Previous: 14.3% https://www.dailyfx.com/economic-calendar#2021-01-28
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 100.00%, while traders in GBP/JPY are at opposite extremes with 66.07%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/dE1MfFPnS8
  • Heads Up:🇲🇽 Balance of Trade (DEC) due at 12:00 GMT (15min) Expected: $4.6B Previous: $3.032B https://www.dailyfx.com/economic-calendar#2021-01-28
  • Heads Up:🇧🇷 Unemployment Rate (NOV) due at 12:00 GMT (15min) Expected: 14% Previous: 14.3% https://www.dailyfx.com/economic-calendar#2021-01-28
USD/CAD Outside Day Reversal at Important Support

USD/CAD Outside Day Reversal at Important Support

Jamie Saettele, CMT, Sr. Technical Strategist

Daily Bars

eliottWaves_usd-cad_body_usdcad.png, USD/CAD Outside Day Reversal at Important Support

Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0

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).” This rally is probably a 3rd or C wave. Levels of interest are 10223 (where the rally from 9633 would consist of 2 equal legs) and 10266 (61.8% of decline from 10657). Trend and channel lines intersect in mid-February near these levels, which are also defined by pivot highs from July. The 20 day average and 50% retracement of the rally from 9815 have held as support. The 61.8% comes in as potential support at 9923.

FOREXTrading Strategy: Long against 9902.

LEVELS: 9836 9903 9946 10004 10061 10099

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

DISCLOSURES