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
Bearish
Wall Street
Mixed
Gold
Bearish
GBP/USD
Mixed
USD/JPY
Bearish
More View more
Real Time News
  • The focus will shift as to whether Conte will search for a new parliamentary majority As a reminder, PD Lawmakers noted that they would guarentee support for Conte as head of new government if he resigns $EUR https://t.co/8m5VDxfmMf
  • Italian PM Conte is expected to resign as early as Monday - Officials $EUR
  • Commodities Update: As of 17:00, these are your best and worst performers based on the London trading schedule: Gold: 0.13% Oil - US Crude: -0.19% Silver: -0.47% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/KzmYUuyoam
  • BoE Governor Bailey: - Digital innovations in payments are here to stay - Haven't yet landed on the appropriate design for a lasting digital currency - Doesn't think cryptocurrencies are lasting yet #BoE $GBP
  • Forex Update: As of 17:00, these are your best and worst performers based on the London trading schedule: 🇳🇿NZD: 0.16% 🇯🇵JPY: -0.02% 🇬🇧GBP: -0.11% 🇦🇺AUD: -0.16% 🇪🇺EUR: -0.24% 🇨🇭CHF: -0.33% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/kRlx2rPiiC
  • Mexican Peso Price Forecast: USD/MXN Above 20.00 as Bulls Break Out https://www.dailyfx.com/forex/fundamental/daily_briefing/session_briefing/daily_fundamentals/2021/01/25/Mexican-Peso-Price-Forecast-USD-MXN-USDMXN-Above-20-as-bulls-break-out.html $MXN $USDMXN https://t.co/oZBXOEtdwr
  • Indices Update: As of 17:00, these are your best and worst performers based on the London trading schedule: Germany 30: 0.23% FTSE 100: 0.23% France 40: 0.22% US 500: -0.11% Wall Street: -0.54% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/9AqTqeGiHX
  • $USDCAD rose to an intraday high near 1.2780, its highest level since last Monday, before turning downward to trade slightly lower. $USD $CAD https://t.co/ogVbZXNc09
  • Hey traders! Get your Monday market update from @DailyFX Chief Strategist @JohnKicklighter 👇
  • US Indices pared their earlier gains and have all fallen into the red as trading session advances. DOW -0.87% NDX -0.08% SPX -0.46% RUT -1.03% $DOW $QQQ $SPY $IWM
Forex: USD/CAD Technical Analysis – Stalling Below 1.10 Mark

Forex: USD/CAD Technical Analysis – Stalling Below 1.10 Mark

Ilya Spivak, Head Strategist, APAC

To receive Ilya's analysis directly via email, please SIGN UP HERE

Talking Points

  • Prices moved higher as expected, completing a Triangle chart formation
  • A close above 1.0986 (123.6% Fib exp.) exposes 1.1033 (138.2% Fib exp.)
  • Below support at 1.0910 (100% Fib exp.) aims for 1.0834 (76.4% Fib exp.)

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

dailyclassics_usd-cad_body_Picture_7.png, Forex: USD/CAD Technical Analysis – Stalling Below 1.10 Mark

Daily Chart - Created Using FXCM Marketscope 2.0

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

Contact and follow Ilya on Twitter: @IlyaSpivak

New to FX? START HERE!

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