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
Mixed
Oil - US Crude
Mixed
Wall Street
Bearish
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
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
Bullish
More View more
Real Time News
  • 🇵🇭 GDP Growth Rate YoY (Q4) Actual: -8.3% Expected: -8.5% Previous: -11.4% https://www.dailyfx.com/economic-calendar#2021-01-28
  • Heads Up:🇵🇭 Full Year GDP Growth (2020) due at 02:00 GMT (15min) Previous: 5.9% https://www.dailyfx.com/economic-calendar#2021-01-28
  • Heads Up:🇵🇭 GDP Growth Rate YoY (Q4) due at 02:00 GMT (15min) Expected: -8.5% Previous: -11.4% https://www.dailyfx.com/economic-calendar#2021-01-28
  • Heads Up:🇵🇭 GDP Growth Rate QoQ (Q4) due at 02:00 GMT (15min) Previous: 8% https://www.dailyfx.com/economic-calendar#2021-01-28
  • The Bitcoin/Ethereum ratio’s break to its lowest levels since August 2018 suggests that ETH may continue to outperform BTC in the coming weeks. Key levels to watch for Bitcoin and Ethereum. Get your $btc market update from @DanielGMoss here:https://t.co/mo3rw7bP4v https://t.co/Ev0H7mHBU1
  • RT @FxWestwater: $NZDUSD, $AUDUSD, $USDCAD Waver to #FOMC-Induced Greenback Rally Link: https://www.dailyfx.com/forex/fundamental/daily_briefing/daily_pieces/asia_am_briefing/2021/01/28/NZDUSD-AUDUSD-USDCAD-Waver-to-FOMC-Induced-Greenback-Rally.html?CHID=9&QPID=917708&utm_source=Twitter&utm_medium=Westwater&utm_campaign=twr https://t.co/tV6m0KU4uc
  • Pivotal moment here for $AUDUSD as it breaks to the downside of a Symmetrical Triangle and probes range support at 0.7628 - 0.7640. A convincing break here could see the exchange rate slide towards psychological support at 0.7500. $AUD $USD #technicalanalysis https://t.co/4PrjmJ3MRh
  • The Australian Dollar may be at risk of losses against the New Zealand Dollar after an unexpectedly high NZ inflation reading sent AUD/NZD towards challenging short-term rising trend support. Get your market update from @ddubrovskyFX here:https://t.co/PfV9MCIvw1 https://t.co/8c0j1nw1f1
  • GameStop is down around 260 now afterhours - official close was 347.51
  • RT @tracyalloway: Aaaand r/wallstreetbets just went private https://t.co/wAudxFdqfl
USD/CAD Technical Analysis: 3-Month Trend Line Exposed Anew

USD/CAD Technical Analysis: 3-Month Trend Line Exposed Anew

Ilya Spivak, Head Strategist, APAC

USD/CAD Technical Analysis – Prices recoiled from swing top resistance at 1.0441, sinking back to key support at a rising trend line set from early May (now at 1.0295). This boundary is reinforced by the 38.2% Fibonacci expansion at 1.0305, with a break below that eyeing the 50% level at 1.0263. Near-term resistance is at 1.0359, the 23.6% Fib. A reversal back above that aims for 1.0441 anew.

Confirm your chart-based trade setups with the Technical Analyzer.

dailyclassics_usd-cad_body_Picture_7.png, USD/CAD Technical Analysis: 3-Month Trend Line Exposed Anew

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