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.

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
Bullish
Oil - US Crude
Mixed
Wall Street
Mixed
Gold
Bullish
GBP/USD
Bearish
USD/JPY
Mixed
More View more
Real Time News
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 93.00%, while traders in France 40 are at opposite extremes with 78.18%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/7UYDmvffGJ
  • Heads Up:🇨🇳 New Yuan Loans (MAR) due at 08:00 GMT (15min) Expected: CNY2450B Previous: CNY1360B https://www.dailyfx.com/economic-calendar#2021-04-12
  • Commodities Update: As of 07:00, these are your best and worst performers based on the London trading schedule: Gold: -0.30% Silver: -0.61% Oil - US Crude: -0.67% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/zdtlSWnvQN
  • Build you crude oil strategy with some basic key insights. Hone your trading skills here: https://t.co/ekflhEeXRX https://t.co/ASQshPqL0M
  • Forex Update: As of 07:00, these are your best and worst performers based on the London trading schedule: 🇯🇵JPY: 0.09% 🇬🇧GBP: 0.08% 🇳🇿NZD: 0.01% 🇪🇺EUR: -0.15% 🇨🇭CHF: -0.19% 🇨🇦CAD: -0.23% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/ONjmG96bBI
  • Euro Price Outlook: EUR/USD at Risk as US Treasury Yields Aim Higher - https://www.dailyfx.com/forex/fundamental/daily_briefing/session_briefing/euro_open/2021/04/12/Euro-Price-Outlook-EURUSD-at-Risk-as-US-Treasury-Yields-Aim-Higher.html?CHID=9&QPID=917708&utm_source=Twitter&utm_medium=Moss&utm_campaign=twr $EUR $EURUSD https://t.co/F5xV0LfjbZ
  • Indices Update: As of 07:00, these are your best and worst performers based on the London trading schedule: Germany 30: 0.11% France 40: 0.07% US 500: -0.18% Wall Street: -0.21% FTSE 100: -0.31% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/BYsOrQ3vtn
  • Crude Oil Prices Struggle Even as Powell Highlights Strong Recovery https://www.dailyfx.com/forex/market_alert/2021/04/12/Crude-Oil-Prices-Steady-as-Powell-Highlights-a-Strong-Recovery.html https://t.co/r8i6QncAeH
  • The Spinning Top candlestick pattern forms part of the vast Japanese candlestick repertoire with its own distinct features. Gain a better understanding of the spinning top candlestick here: https://t.co/DWm7cBMUg9 https://t.co/M5ByVTQRO5
  • What is your forex trading style? Take the quiz and find out: https://t.co/YY3ePTpzSI https://t.co/pOqRcsvRuG
Forex Analysis: USD/CAD Classic Technical Report 11.21.2012

Forex Analysis: USD/CAD Classic Technical Report 11.21.2012

Ilya Spivak, Head Strategist, APAC

Prices are edging lower as expected after putting in a Shooting Star candlestick below resistance at 1.0039, the 50% Fibonacci retracement. Initial rising trend line support lines up at 0.9926, with a break below that that initially exposing 0.9883. Alternatively, a push above resistance exposes the 61.8% Fib at 1.0135. Overall positioning continues to favor a move to a measured upside target at 1.0140 after the pair completed an inverse Head and Shoulders bottom on October 19.

Forex_Analysis_USDCAD_Classic_Technical_Report_11.21.2012_body_Picture_5.png, Forex Analysis: USD/CAD Classic Technical Report 11.21.2012

Daily Chart - Created Using FXCM Marketscope 2.0

--- Written by Ilya Spivak, Currency Strategist for Dailyfx.com

To contact Ilya, e-mail ispivak@dailyfx.com. Follow Ilya on Twitter at @IlyaSpivak

To be added to Ilya's e-mail distribution list, please CLICK HERE

New to FX? Watch this Video. For live market updates, visit the Real Time News Feed

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

DISCLOSURES