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
Mixed
Oil - US Crude
Bullish
Wall Street
Mixed
Gold
Bullish
GBP/USD
Mixed
USD/JPY
Bearish
More View more
Real Time News
  • The US Dollar has proved buoyant thus far in 2021. Will it continue now that administrations have changed? Depends on fiscal stimulus. Get your market update from @CVecchioFX here: https://t.co/pgg4yTlcMt https://t.co/L3EbveLRHX
  • President Biden acting quickly. Has already signed a run of executive orders, one of which is brining the United States back into the Paris Agreement. I think a number of industries expected this, including the auto-manufacturers
  • President Biden signs new executive orders revoking the Keystone XL Oil Pipeline permit, US will rejoin Paris Climate Agreement - BBG
  • We had the BOC and Brazilian Central Bank rate decisions today. Coming up over the next 24 hours, we have the BOJ, Norges, South African Reserve Bank, Turkish Central Bank and ECB rate decisions. On balance, unlikely a serious dictate for global risk trends https://t.co/Bop4gmgprL
  • Asian futures point higher as US equities close at record highs - BBG
  • 🇧🇷 Interest Rate Decision Actual: 2% Expected: 2% Previous: 2% https://www.dailyfx.com/economic-calendar#2021-01-20
  • Forex Update: As of 21:00, these are your best and worst performers based on the London trading schedule: 🇨🇦CAD: 0.80% 🇳🇿NZD: 0.73% 🇦🇺AUD: 0.66% 🇬🇧GBP: 0.20% 🇨🇭CHF: -0.12% 🇪🇺EUR: -0.19% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/89DtqVlU6P
  • Poll: Which direction do you think $EURUSD will break when it does finally clear this 1.2150-2050 range?
  • Heads Up:🇧🇷 Interest Rate Decision due at 22:00 GMT (15min) Actual: 2% Expected: 2% Previous: 2% https://www.dailyfx.com/economic-calendar#2021-01-20
  • Commodities Update: As of 21:00, these are your best and worst performers based on the London trading schedule: Silver: 2.49% Gold: 1.66% Oil - US Crude: -0.72% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/myvItEiamp
USD/CAD Rips Through Resistance Line; 1.0444 Now Support

USD/CAD Rips Through Resistance Line; 1.0444 Now Support

Jamie Saettele, CMT, Sr. Technical Strategist

Daily

eliottWaves_usd-cad_body_usdcad.png, USD/CAD Rips Through Resistance Line; 1.0444 Now Support

Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0

Interested in automated trading with Mirror Trader?

FOREXAnalysis: “Quick review – the USDCAD opened the month at 1.0275 and raced higher into 1.0444. A sharp 2 day selloff culminated with CAD employment on the 9th and the low was right at the open of the month. Price has inched higher the following 6 days until today, when price challenged and closed above the line that extends off of the July and August highs. The picture is constructive.” The bull case was borne out today. Support is 1.0444 (former high).

FOREXTrading Strategy: Flat

LEVELS: 1.0369 1.0400 1.0444 1.0513 1.0570 1.0608

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

DISCLOSURES