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
Bullish
Oil - US Crude
Bullish
Wall Street
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
Gold
Mixed
GBP/USD
Bullish
USD/JPY
Mixed
More View more
Real Time News
  • ECB's Lagarde - Tells EU Leaders Euro Zone economy recovering to return to pre-pandemic levels in Q1 2022
  • 🇲🇽 Economic Activity YoY (APR) Actual: 22.33% Expected: 21.7% Previous: 0.8% https://www.dailyfx.com/economic-calendar#2021-06-25
  • 🇲🇽 Economic Activity YoY (APR) Actual: 22.3% Expected: 21.7% Previous: 0.8% https://www.dailyfx.com/economic-calendar#2021-06-25
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 89.81%, while traders in GBP/JPY are at opposite extremes with 70.72%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/AcZYvlrDPz
  • Heads Up:🇬🇧 BoE Quarterly Bulletin due at 11:00 GMT (15min) https://www.dailyfx.com/economic-calendar#2021-06-25
  • Heads Up:🇲🇽 Economic Activity YoY (APR) due at 11:00 GMT (15min) Expected: 21.7% Previous: 0.8% https://www.dailyfx.com/economic-calendar#2021-06-25
  • Forex quotes reflect the price of different currencies at any point in time. Since a trader’s profit or loss is determined by movements in price, it is essential to develop a sound understanding of how to read currency pairs. Learn how to read quotes here: https://t.co/CNtqrKWDBY https://t.co/ej8BfvKvhP
  • Commodities Update: As of 10:00, these are your best and worst performers based on the London trading schedule: Silver: 0.88% Gold: 0.36% Oil - US Crude: -0.43% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/ZMIZgYhtKC
  • Forex Update: As of 10:00, these are your best and worst performers based on the London trading schedule: 🇨🇭CHF: 0.11% 🇯🇵JPY: 0.11% 🇨🇦CAD: 0.10% 🇪🇺EUR: 0.07% 🇦🇺AUD: 0.07% 🇬🇧GBP: -0.16% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/0kNdpPogmw
  • 🇫🇷 Unemployment Benefit Claims (MAY) Actual: -133.7K Previous: 65.9K https://www.dailyfx.com/economic-calendar#2021-06-25
USD/CAD Technical Analysis: Deeper Losses Expected Ahead

USD/CAD Technical Analysis: Deeper Losses Expected Ahead

Ilya Spivak, Head Strategist, APAC

USD/CAD Technical Analysis– Prices turned lower as expected after completing a bearish Evening Star candlestick pattern. Sellers have now cleared support at 1.0381, the 38.2% Fibonacciretracement, exposing the 50% level at 1.0311. A further push beneath that eyes the 61.8% Fib at 1.0240. The 1.0381 mark has been recast as near-term resistance, with a move back above that eyeing the 23.6% retracement at 1.0468.

dailyclassics_usd-cad_body_Picture_7.png, USD/CAD Technical Analysis: Deeper Losses Expected Ahead

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