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.

0

Notifications

Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events

0

Economic Calendar

Economic Calendar Events

0
Free Trading Guides
EUR/USD
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
Oil - US Crude
Bearish
Wall Street
Bullish
Gold
Bearish
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
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
More View more
Real Time News
  • RBNZ Credit Conditions Survey - New Zealand banks report a decline in demand for credit during first half of 2020. - Banks indicate lending standards are likely to tighten.
  • Japanese candlesticks are a popular charting technique used by many traders, and the shooting star candle is no exception. Learn about the shooting star candlestick and how to trade it here: https://t.co/OjTZOQEytM https://t.co/0KdF1bvOXW
  • 🇨🇳 Balance of Trade (JUN) Actual: $46.42B Expected: $58.6B Previous: $62.93B https://www.dailyfx.com/economic-calendar#2020-07-14
  • Heads Up:🇨🇳 Balance of Trade (JUN) due at 03:00 GMT (15min) Actual: $46.42B Expected: $58.6B Previous: $62.93B https://www.dailyfx.com/economic-calendar#2020-07-14
  • Heads Up:🇨🇳 Balance of Trade (JUN) due at 03:00 GMT (15min) Expected: $58.6B Previous: $62.93B https://www.dailyfx.com/economic-calendar#2020-07-14
  • The ASX 200 and AUD/JPY are at risk of losses as cases of Covid-19 continue to climb in Victoria, Australia’s second-most populous state. Get your #ASX market update from @DanielGMoss here: https://t.co/O0LNvhy4eY https://t.co/YXoHRqy8WJ
  • Commodities Update: As of 02:00, these are your best and worst performers based on the London trading schedule: Gold: -0.25% Silver: -0.31% Oil - US Crude: -2.13% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/rQwKZkZmUv
  • Forex Update: As of 02:00, these are your best and worst performers based on the London trading schedule: 🇯🇵JPY: 0.09% 🇪🇺EUR: -0.02% 🇨🇭CHF: -0.04% 🇬🇧GBP: -0.06% 🇨🇦CAD: -0.08% 🇳🇿NZD: -0.16% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/lgkxPjTNvz
  • China Econ (JUN): Exports (YoY) CNY 4.3% vs 3.5% expected and 1.4% in May Imports (YoY) CNY 6.2% versus -4.7% expected and -12.7% in May -BBG $AUDUSD
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 96.69%, while traders in US 500 are at opposite extremes with 73.73%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/cAtIUwaZEg
USD/CAD Classical Technical Report 02.08

USD/CAD Classical Technical Report 02.08

2012-02-08 06:46:00
Joel Kruger, Technical Strategist
Share:
Daily_Classical_USDCAD_body_cad2.png, USD/CAD Classical Technical Report 02.08

USD/CAD: Our constructive outlook remains intact despite the latest interday pullback with the market largely still consolidating around parity ahead of what we believe will be an eventual retest of the key October highs by 1.0660. From here, look for any interday pullbacks to be very well supported above 0.9900 on a daily close basis, while ultimately, only a close below 0.9900 would give reason for concern. Meanwhile, a close back above 1.0035 confirms and should accelerate gains.

--- 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.