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
Bearish
Oil - US Crude
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
Wall Street
Bullish
Gold
Bullish
GBP/USD
Mixed
USD/JPY
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
More View more
Real Time News
  • BoE Focus - Eyes on QE purchase rate (decision to taper would be mechanical, not outright hawkish signal) - Forecasts expected to be upgraded - Bank Rate and APF expected unchanged - GBP option implied move = 74pips
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 90.18%, while traders in Wall Street are at opposite extremes with 76.06%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/lQqV46DG4c
  • Heads Up:🇬🇧 BoE MPC Vote Cut due at 11:00 GMT (15min) Expected: 0/9 Previous: 0/9 https://www.dailyfx.com/economic-calendar#2021-05-06
  • Heads Up:🇬🇧 BoE MPC Vote Unchanged due at 11:00 GMT (15min) Expected: 9/9 Previous: 9/9 https://www.dailyfx.com/economic-calendar#2021-05-06
  • Heads Up:🇬🇧 BoE MPC Vote Hike due at 11:00 GMT (15min) Expected: 0/9 Previous: 0/9 https://www.dailyfx.com/economic-calendar#2021-05-06
  • Heads Up:🇬🇧 MPC Meeting Minutes due at 11:00 GMT (15min) https://www.dailyfx.com/economic-calendar#2021-05-06
  • Heads Up:🇬🇧 Monetary Policy Report due at 11:00 GMT (15min) https://www.dailyfx.com/economic-calendar#2021-05-06
  • Heads Up:🇬🇧 BoE Quantitative Easing due at 11:00 GMT (15min) Expected: £875B Previous: £875B https://www.dailyfx.com/economic-calendar#2021-05-06
  • Heads Up:🇬🇧 BoE Interest Rate Decision due at 11:00 GMT (15min) Expected: 0.1% Previous: 0.1% https://www.dailyfx.com/economic-calendar#2021-05-06
  • Get your snapshot update of the of top level exchanges and key index performance from around the globe here: https://t.co/d8Re5anlG5 https://t.co/YwOC3vwsmK
Forex Analysis: USD/CAD Classic Technical Report 11.22.2012

Forex Analysis: USD/CAD Classic Technical Report 11.22.2012

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 0.9935, 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_11.22.2012_body_Picture_1.png, Forex Analysis: USD/CAD Classic Technical Report 11.22.2012

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