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
GBP/USD
Mixed
USD/JPY
Bearish
Gold
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
Oil - US Crude
Bullish
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
Bitcoin
Mixed
More View more
Real Time News
  • About to begin! Tag along for discussion on $AUDUSD, $USDCAD and $EURUSD below https://t.co/Zax6ZBD1nk
  • #CLP, #BRL and the #ZAR are expected to be the most active Emerging Markets currencies vs #USD with 1-week implied volatilities at 15.64, 12.98 and 11.80 respectively
  • (Asia Pacific AM Briefing) Australian Dollar Sinks, AUD/USD Downtrend in Focus on Jobs Miss $AUDUSD #RBA - https://www.dailyfx.com/forex/fundamental/daily_briefing/daily_pieces/asia_am_briefing/2019/11/14/Australian-Dollar-Sinks-AUDUSD-Downtrend-in-Focus-on-Jobs-Miss.html?CHID=9&QPID=917702 https://t.co/Xr9RkaRPdq
  • The Federal Reserve’s Patrick Harker says the economy appears to be in a good place and expects inflation is edging up to reach 2% in the next 18-24 months -BBG
  • #Employment has been a durable bright spot for the #Australianeconomy. A weak month won't necessarily dim it but Oct's 19K fall is a shocker. Jobless rate ticks up to 5.3%, #RBA 's 4.5% hope looks like a huge ask this late in the cycle. Next month's data will draw crowds. #AUD
  • 🇦🇺 AUD Full Time Employment Change (OCT), Actual: -10.3k Expected: N/A Previous: 24.9k https://www.dailyfx.com/economic-calendar#2019-11-14
  • #Stocks in Hong Kong have struggled to capitalize on hopes for a US-China trade deal amid violent clashes between protesters and police, but the trend still points upward. Get your market update from @IlyaSpivak here:https://t.co/zfPdYZrVZx https://t.co/fC8NCFoMVL
  • RT @KyleR_IG: * AUSTRALIAN EMPLOYMENT -19K IN OCT.; EST. 15K $AUD #ausbiz
  • 🇦🇺 AUD Employment Change (OCT), Actual: -19.0k Expected: 15.0k Previous: 12.5k https://www.dailyfx.com/economic-calendar#2019-11-14
  • #RBNZ Bascand: - Believes the economy is approaching a turning point - Searching for a pick up in economic activity - BBG #NZDUSD #NZD
USD/CAD Classical Technical Report 05.25

USD/CAD Classical Technical Report 05.25

2011-05-25 05:58:00
Joel Kruger, Technical Strategist
Share:
USDCAD_Classical_body_cad2.png, USD/CAD Classical Technical Report 05.25

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.