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.

Free Trading Guides
EUR/USD
Mixed
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
GBP/USD
Mixed
USD/JPY
Bullish
Gold
Bearish
Oil - US Crude
Bullish
Bitcoin
Bearish
More View more
Real Time News
  • Indices Update: As of 08:00, these are your best and worst performers based on the London trading schedule: US 500: 0.14% Wall Street: 0.11% Germany 30: -0.01% France 40: -0.06% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/atmX6G9yW2
  • Heads Up:🇪🇺 EUR ECB President Lagarde Speaks in Frankfurt due at 08:00 GMT (15min) https://www.dailyfx.com/economic-calendar#2019-11-22
  • 🇪🇺 EUR German Gross Domestic Product w.d.a. (YoY) (3Q F), Actual: 0.5% Expected: 0.5% Previous: 0.5% https://www.dailyfx.com/economic-calendar#2019-11-22
  • 🇪🇺 EUR German Gross Domestic Product n.s.a. (YoY) (3Q F), Actual: 1,0% Expected: 1.0% Previous: 1.0% https://www.dailyfx.com/economic-calendar#2019-11-22
  • The $JPY has posted some rare gains against the US Dollar on its daily chart, but important channel support still holds on an intraday basis. Keep a close eye on it now. Get your market update from @DavidCottleFX here:https://t.co/ReMGzu6OjP https://t.co/FkSEGuro3T
  • 🇪🇺 EUR German Gross Domestic Product w.d.a. (YoY) (3Q F), Actual: 1% Expected: 0.5% Previous: 0.5% https://www.dailyfx.com/economic-calendar#2019-11-22
  • Heads Up:🇪🇺 EUR German Gross Domestic Product w.d.a. (YoY) (3Q F) due at 07:00 GMT (15min), Actual: N/A Expected: 0.5% Previous: 0.5% https://www.dailyfx.com/economic-calendar#2019-11-22
  • Heads Up:🇪🇺 EUR German Gross Domestic Product n.s.a. (YoY) (3Q F) due at 07:00 GMT (15min), Actual: N/A Expected: 1.0% Previous: 1.0% https://www.dailyfx.com/economic-calendar#2019-11-22
  • European Opening Calls From IG: #FTSE 7259 +0.28% #DAX 13166 +0.22% #CAC 5892 +0.18% #MIB 23339 +0.26% #IBEX 9236 +0.23% #STOXX 3688 +0.21%
  • USD/MXN Technical Analysis: Peso Breaks Down as USMCA Lingers - https://www.dailyfx.com/forex/technical/article/special_report/2019/11/22/USDMXN-Technical-Analysis-Peso-Breaks-Down-as-USMCA-Lingers.html?CHID=9&QPID=917708&utm_source=Twitter&utm_medium=Spivak&utm_campaign=twr #USDMXN #USMCA https://t.co/ZHZWXOGHuW
USD/CAD Base Building for a Move Higher?

USD/CAD Base Building for a Move Higher?

2014-05-22 21:17:00
Jamie Saettele, CMT, Sr. Technical Strategist
Share:

Daily

USD/CAD Base Building for a Move Higher?

Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0

Automate trades with Mirror Trader and see ideas on other USD crosses

-“Channel supports in USDCAD extend from about 1.0780 to 1.0860 (the recent low) this week. 1.0793 also represents the 61.8% extension of the first leg of the drop from the March high.” With USDCAD turning up before the channel, I’m wondering if a low is in place.

-This latest advance failed shy of the month open (1.0854), and leaves near term conditions sideways to down but keep eyes on the channel just below.

LEVELS: 1.0790 1.0829 1.0860 | 1.0954 1.1001 1.1052

--Trading specifics (setups with entries, stops, targets) are availabletoJ.S. Trade Desk members.

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

DISCLOSURES

News & Analysis at your fingertips.