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
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
GBP/USD
Bearish
USD/JPY
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
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
Oil - US Crude
Mixed
Bitcoin
Bullish
More View more
Real Time News
  • Forex Update: As of 21:00, these are your best and worst performers based on the London trading schedule: 🇨🇦CAD: 0.29% 🇪🇺EUR: 0.03% 🇦🇺AUD: 0.03% 🇬🇧GBP: -0.23% 🇯🇵JPY: -0.23% 🇨🇭CHF: -0.36% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/Kx7ctSpXTf
  • It has been months since I updated this, but here is NYSE broker-level leverage (debt to cash balance) overlaid with the $SPX: https://t.co/Yv42OMEScH
  • Commodities Update: As of 21:00, these are your best and worst performers based on the London trading schedule: Oil - US Crude: 0.73% Gold: -0.90% Silver: -3.50% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/EgueCnq9A8
  • RBNZ's Hawkesby says weakness in the New Zealand Dollar is giving New Zealand economy some support $NZD
  • FANGs to the rescue once again? Market sentiment could use the boost, that's for sure https://t.co/3hS7piOEdx
  • AAPL Earnings: EPS: $4.99 vs $4.55 exp Rev: $91.8B vs $88.5B exp $AAPL shares are 1.65% higher
  • RT @zerohedge: APPLE 1Q EPS $4.99, EST. $4.56 APPLE 1Q REV. $91.8B, EST. $88.38B
  • AAPL Earnings Earnings: EPS: $4.99 vs $4.55 exp Rev: $91.8B vs $88.5B exp $AAPL shares are 1.65% higher
  • $USD prices could be pressured lower if the FOMC reiterates its plans to continue organic balance sheet expansion to a similar magnitude of past QE phases for reserve management. Get your market update from @RichDvorakFX here: https://t.co/vtIFhanGRU https://t.co/indCQN5EHB
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 97.47%, while traders in US 500 are at opposite extremes with 71.18%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/dzFXmzzyQN
USD/CAD Classical 03.08

USD/CAD Classical 03.08

2011-03-08 07:14:00
Joel Kruger, Technical Strategist
Share:
USDCAD_Classical_body_cad2.png, USD/CAD Classical 03.08

USD/CAD: Daily studies are starting to look a little stretched, and this in conjunction with longer-term cyclical studies which warn of a major base, leave us looking for opportunities to buy rather then selling into the downtrend. The latest dip below the 0.9800 figure is viewed as an excellent opportunity to establish a very playable counter-trend long position. Ultimately, only a daily close back below 0.9700 would delay outlook and give reason for concern. A break and close back above 0.9800 reaffirms bias.

Written by Joel Kruger, Technical Currency Strategist for DailyFX.com

If you wish to receive Joel's reports in a more timely fashion, e-mail jskruger@dailyfx.com and you will be added to the "distribution" list.

If you wish to discuss this topic or any other feel free to visit our Forum page

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

DISCLOSURES

News & Analysis at your fingertips.