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
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
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
Bullish
Bitcoin
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
More View more
Real Time News
  • The Race to the Bottom https://t.co/KhamkH6x33
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 97.50%, while traders in France 40 are at opposite extremes with 81.89%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/MSLRIRJtQh
  • LIVE NOW: Join Analyst and Editor @MartinSEssex as he discusses the most important events and themes that have driven market sentiment and will drive it in the days ahead. Register here: https://www.dailyfx.com/webinars/181540619?CHID=9&QPID=917720
  • What are the truths and myths of #forex trading? Find out from @DailyFX analysts here: https://t.co/uF75VPzstr https://t.co/Vh4sWBRPLS
  • Commodities Update: As of 11:00, these are your best and worst performers based on the London trading schedule: Oil - US Crude: 0.62% Gold: -0.16% Silver: -0.43% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/bpsAY5CoY3
  • RT @economics: German investor confidence rises to the highest level in six months https://t.co/yRVmCYtx07
  • RT @lisaabramowicz1: There’s been a huge sentiment shift in the past month from bearish to bullish, with cash balances falling to the lowes…
  • RT @RANsquawk: Looks like @realDonaldTrump's speech will be substantial Reminder: Speech due to take place around 1700GMT/1200EST https://…
  • Forex Update: As of 11:00, these are your best and worst performers based on the London trading schedule: 🇨🇦CAD: -0.13% 🇯🇵JPY: -0.14% 🇪🇺EUR: -0.15% 🇬🇧GBP: -0.23% 🇨🇭CHF: -0.30% 🇳🇿NZD: -0.53% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/wRKK8GBOTS
  • USD/CAD Price Forecast: Canadian Dollar vs USD- A Rally or Consolidation? MOre details in the link below: https://www.dailyfx.com/forex/technical/home/analysis/usd-cad/2019/11/12/USDCAD-Price-Forecast-Canadian-Dollar-vs-USD--A-Rally-or-Consolidation-MK.html?CHID=9&QPID=917714 https://t.co/toWXj9OIiY
USD/CAD Classical Technical Report 05.18

USD/CAD Classical Technical Report 05.18

2011-05-18 05:50:00
Joel Kruger, Technical Strategist
Share:
USDCAD_Classical_body_cad2.png, USD/CAD Classical Technical Report 05.18

USD/CAD: The market has finally managed to mount a nice recovery since basing out by fresh multi-month lows in the 0.9400’s and could be in the process of attempting to establish a more meaningful base. The latest break and close back above 0.9700 triggers an inverse H&S pattern that now projects additional gains towards parity over the coming days. Look for setbacks to now be well supported above 0.9600 on a daily close basis.

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.