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
Oil - US Crude
Bullish
Wall Street
Mixed
Gold
Mixed
GBP/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
USD/JPY
Bearish
More View more
Real Time News
  • Heads Up:🇳🇿 NZD ANZ Activity Outlook (MAR) due at 00:00 GMT (15min), Actual: N/A Expected: N/A Previous: 12 https://www.dailyfx.com/economic-calendar#2020-03-31
  • The monthly candles come out tomorrow. It's going to be pretty crazy
  • US President Donald Trump spoke with Italian PM Giuseppe Conte about efforts to combat #coronavirus - BBG
  • Heads Up:🇯🇵 JPY Industrial Production (YoY) (FEB P) due at 23:50 GMT (15min), Actual: N/A Expected: -4.9% Previous: -2.3% https://www.dailyfx.com/economic-calendar#2020-03-30
  • Heads Up:🇯🇵 JPY Large Retailers' Sales (FEB) due at 23:50 GMT (15min), Actual: N/A Expected: -1.6% Previous: -1.4% https://www.dailyfx.com/economic-calendar#2020-03-30
  • Heads Up:🇯🇵 JPY Retail Trade (YoY) (FEB) due at 23:50 GMT (15min), Actual: N/A Expected: -1.5% Previous: -0.4% https://www.dailyfx.com/economic-calendar#2020-03-30
  • 🇯🇵 JPY Jobless Rate (FEB), Actual: 2.4% Expected: 2.4% Previous: 2.4% https://www.dailyfx.com/economic-calendar#2020-03-30
  • The Japanese Yen shared fully in the broad Dollar weakness which has come with global stimulus efforts. $USDJPY's medium-term downtrend looks quite comfortably in place. Get your USD/JPY market update from @DavidCottleFX here:https://t.co/5io7seTGyk https://t.co/bTmDlf5LLv
  • Heads Up:🇯🇵 JPY Jobless Rate (FEB) due at 23:30 GMT (15min), Actual: N/A Expected: 2.4% Previous: 2.4% https://www.dailyfx.com/economic-calendar#2020-03-30
  • 🇬🇧 GBP GfK Consumer Confidence (MAR), Actual: -9 Expected: -15 Previous: -7 https://www.dailyfx.com/economic-calendar#2020-03-30
USD/CAD Classical Technical Report 07.20

USD/CAD Classical Technical Report 07.20

2011-07-20 05:04:00
Joel Kruger, Technical Strategist
Share:
dailyclassics_usd-cad_body_cad2.png, USD/CAD Classical Technical Report 07.20

USD/CAD: Despite the latest sharp pullback off of the 200-Day SMA in the 0.9900 area, we continue to retain a constructive outlook for this market and contend that a meaningful base has been carved out by the May lows in the 0.9400’s. As such, any additional declines should be limited, with the market expected to find some formidable support at current levels. Ultimately only a close back below 0.9500 would threaten outlook. A daily close back above 0.9600 on the other hand will confirm outlook and likely accelerate gains.

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

DISCLOSURES

News & Analysis at your fingertips.