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
Bullish
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
Bullish
Gold
Mixed
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
Bearish
More View more
Real Time News
  • After negotiating a series of economic and geopolitical risks in 2019, the S&P 500 rounded out the year more than 30% higher. Will the stock market crash in 2020? Find out from @PeterHanksFX here: https://t.co/8KsjB9YkBB https://t.co/4ph9bdMxz9
  • Italy reports first death from coronavirus - BBG
  • Bullish signals from IG Client Sentiment earlier this week correctly forecasted that $EURUSD could rise in the near-term. A close above 1.0852 opens the door to near-term strength while downside resumption entails taking out 1.0778 - https://t.co/YySE3VulgC https://t.co/mr7jIWtoVW
  • #Gold prices soared towards the 2013 high in the best week since June 2019. The medium-term $XAUUSD technical outlook is bullish. The week ahead will be scrutinized for signs of a top #technicalanalysis - https://www.dailyfx.com/forex/technical/article/fx_technical_weekly/2020/02/21/Gold-Price-Technical-Forecast-Bullish-as-XAUUSD-Targets-2013-High.html?CHID=9&QPID=917702&utm_source=Twitter&utm_medium=Dubrovsky&utm_campaign=twr https://t.co/KwGYG9n7hM
  • Forex Update: As of 21:00, these are your best and worst performers based on the London trading schedule: 🇨🇭CHF: 0.60% 🇬🇧GBP: 0.59% 🇪🇺EUR: 0.59% 🇳🇿NZD: 0.29% 🇨🇦CAD: 0.26% 🇦🇺AUD: 0.20% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/zlA41tLYcc
  • The $SPX closed a volatile week right on confluent support around 3337-3340 Holding this area will be critical going forward https://t.co/CKm6DLDYDw
  • Commodities Update: As of 21:00, these are your best and worst performers based on the London trading schedule: Gold: 1.49% Silver: 0.72% Oil - US Crude: -0.00% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/f60M6H4z0O
  • France outlook downgraded to stable from positive by Moody's ratings - BBG
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 96.96%, while traders in France 40 are at opposite extremes with 75.32%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/0eoB5BRiH6
  • Not only has an equally-weighted (USD, EUR, GBP, JPY) index of #gold charged to a fresh record high this past week, it has done so on the biggest weekly rally since January 2015 https://t.co/RmtSwlRKtK
USD/CAD Classical Technical Report 09.30

USD/CAD Classical Technical Report 09.30

2011-10-03 06:26:00
Joel Kruger, Technical Strategist
Share:
USDCAD_Classical_body_cad2.png, USD/CAD Classical Technical Report 09.30

USD/CAD: This market is in the process of carving out a major longer-term base with the price accelerating over the past several days to reach our initial objective by 1.0500. Daily studies are however overbought and from here we could see a period of consolidation ahead of the next upside extension towards 1.1000 further up. In the interim, any setbacks should be well supported ahead of parity and only a break back below will delay outlook and give reason for pause.

--- Written by Joel Kruger, Technical Currency Strategist

To contact Joel Kruger, email jskruger@dailyfx.com. Follow me on Twitter @JoelKruger

To be added to Joel Kruger’s distribution list, send an email with subject line “Distribution List” to jskruger@dailyfx.com

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

DISCLOSURES

News & Analysis at your fingertips.