News & Analysis at your fingertips.

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. See our updated Privacy Policy here.

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
Subscribe
Please try again
EUR/USD
Bearish
Oil - US Crude
Bullish
Wall Street
Bearish
Gold
Bearish
GBP/USD
Bearish
USD/JPY
Mixed
More View more
Real Time News
  • There are three major forex trading sessions which comprise the 24-hour market: the London session, the US session and the Asian session. Learn about the characteristics of each session here: https://t.co/PJi30TbrBq https://t.co/KtYb33lXQH
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Gold are long at 84.50%, while traders in France 40 are at opposite extremes with 79.56%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/yzouzuw7pv
  • Consolidation or bull flag? A bull flag is a continuation pattern that occurs as a brief pause in the trend following a strong price move higher. Learn how to better spot these formations here: https://t.co/yOEvLjsLNT https://t.co/UsVsiVoFaH
  • Forex Update: As of 04:00, these are your best and worst performers based on the London trading schedule: 🇪🇺EUR: 0.09% 🇨🇭CHF: 0.06% 🇯🇵JPY: 0.03% 🇬🇧GBP: -0.01% 🇦🇺AUD: -0.01% 🇳🇿NZD: -0.06% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/MkjGzIzcYo
  • Indices Update: As of 04:00, these are your best and worst performers based on the London trading schedule: France 40: 0.14% US 500: 0.07% Wall Street: 0.04% Germany 30: -0.04% FTSE 100: -0.11% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/u4krd4Zc6i
  • BoJ introduces new funding measure for climate change -BBG
  • BoJ: To present outline of new loan measure at next meeting, vital for monetary policy to consider market neutrality -BBG
  • BoJ: Corporate financing is likely to remain under stress, will launch new loan measure within 2021 -BBG
  • BoJ to extend Covid funding measures until March 2022 -BBG
  • BoJ maintains 10-year JGB yield target at about 0% and policy balance rate at -0.1% -BBG
USD/CAD Classical Technical Report 03.14

USD/CAD Classical Technical Report 03.14

Joel Kruger, Technical Strategist
Daily_Classical_USDCAD_body_cad2.png, USD/CAD Classical Technical Report 03.14

USD/CAD: Our constructive outlook remains intact despite the latest interday pullback with the market largely locked in a medium-term consolidation ahead of what we believe will be an eventual retest of the key October highs by 1.0660. We have however revised our outlook somewhat and from here, expect any additional declines to be well supported on a weekly close basis above 0.9750. A daily close back above 1.0050 will help to reaffirm.

--- 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