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
Search results
No entries matching your query were found.
English Français 中文（繁體） 中文（简体）
Free Trading Guides
Subscribe
Please try again
EUR/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
News
Weekly Fundamental US Dollar Forecast: When Will Fed Raise Rates or Taper?
2021-07-25 16:00:00
Euro Forecast: EUR/USD Price Outlook Bearish Ahead of Key Eurozone Data
2021-07-25 02:00:00
Oil - US Crude
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
News
Markets Week Ahead: Euro, Dollar, Gold, S&P 500, Fed, Earnings, Inflation
2021-07-25 16:00:00
Crude Oil Price Forecast: Rally Back on Track After Bear Trap
2021-07-23 20:50:00
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
News
Markets Week Ahead: Euro, Dollar, Gold, S&P 500, Fed, Earnings, Inflation
2021-07-25 16:00:00
Dow Jones, Nasdaq 100, S&P 500 Forecasts for the Week Ahead
2021-07-25 12:00:00
Gold
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
News
Markets Week Ahead: Euro, Dollar, Gold, S&P 500, Fed, Earnings, Inflation
2021-07-25 16:00:00
Gold Price Forecast: Risk of Volatility as Fed Meeting Looms
2021-07-24 22:00:00
GBP/USD
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
News
Weekly Fundamental US Dollar Forecast: When Will Fed Raise Rates or Taper?
2021-07-25 16:00:00
British Pound (GBP) Weekly Forecast: Attempts to Recover as Sentiment Shifts
2021-07-23 16:00:00
USD/JPY
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
News
Weekly Fundamental US Dollar Forecast: When Will Fed Raise Rates or Taper?
2021-07-25 16:00:00
USD/JPY Rate Tracks Rebound in US Yields Ahead of Fed Rate Decision
2021-07-23 15:00:00
More View more
Real Time News
  • Key levels in forex tend to draw attention to traders in the market. These are psychological prices which tie into the human psyche and way of thinking. Learn about psychological levels here: https://t.co/8A1QhwMVKo https://t.co/Nx6AHxZksK
  • Markets Week Ahead: Euro, Dollar, Gold, S&P 500, Earnings, Inflation Check out @RichDvorakFX's latest market recap and preview plus all the weekly forecasts from the @DailyFXTeam at the link below! Link to Analysis - https://www.dailyfx.com/forex/fundamental/forecast/weekly/title/2021/07/25/markets-week-ahead-euro-dollar-gold-sp500-fed-earnings-inflation.html $EURUSD $SPX #Trading
  • Looking for a new way to trade reversals? One of the most used reversal candle patterns is known as the Harami. Like most candlestick formation patterns, the Harami tells a story about sentiment in the market. Get better with trading reversals here: https://t.co/rfwUWJfbz9 https://t.co/xKkBwu951j
  • The non-farm payroll (NFP) figure is a key economic indicator for the United States economy. It is also referred to as the monthly market mover. Find out why it has been given this nickname here: https://t.co/yOUVEEqhc5 https://t.co/MYWlQphqtb
  • Knowing how to accurately value a stock enables traders to identify and take advantage of opportunities in the stock market. Find out the difference between a stock's market and intrinsic value, and the importance of the two here: https://t.co/QszmdZFxlk https://t.co/paOy1oQmn3
  • US indices have a packed week ahead with earnings from the major technology names, US GDP data due and an FOMC rate decision. With so much on the docket the potential for volatility is heightened. Get your stock market forecast from @PeterHanksFX here: https://t.co/CH4WoStHvu
  • GDP (Gross Domestic Product) economic data is deemed highly significant in the forex market. GDP figures are used as an indicator by fundamentalists to gauge the overall health and potential growth of a country. Learn use GDP data to your advantage here: https://t.co/Yl9vM7kO6a https://t.co/otJwnuR7qe
  • The Federal Reserve System (the Fed) was founded in 1913 by the United States Congress. The Fed’s actions and policies have a major impact on currency value, affecting many trades involving the US Dollar. Learn more about the Fed here: https://t.co/ADSC4sIHrP https://t.co/s4lZWdJoXV
  • The US Dollar Index traded higher last week, sustaining its broader uptrend. Conflicting technical signals urge caution, but the directional bias remains skewed to the upside. Get your weekly USD technical forecast from @FxWestwater here: https://t.co/jcwhcsUBEN https://t.co/tKrlrRZlZn
  • Technical analysis of charts aims to identify patterns and market trends by utilizing differing forms of technical chart types and other chart functions. Learn about the top three technical analysis tools here: https://t.co/KDjIjLdTSk https://t.co/MGy9OTXpUI
Forex: USD/CAD Technical Analysis – Attempting to Expose 1.12

Forex: USD/CAD Technical Analysis – Attempting to Expose 1.12

Ilya Spivak, Head Strategist, APAC

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

Talking Points

  • Prices are testing above resistance at 1.1176 (23.6% Fib exp.)
  • A break higher on a daily closing basis initially exposes 1.1265 (38.2% Fib exp.)
  • Below support at 1.1120 (14.6% Fib exp.) eyes 1.1031 (Jan 27 low)

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

dailyclassics_usd-cad_body_Picture_7.png, Forex: USD/CAD Technical Analysis – Attempting to Expose 1.12

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

Related Articles

Crude Oil Price Forecast: Rally Back on Track After Bear Trap
Crude Oil Price Forecast: Rally Back on Track After Bear Trap
2021-07-23 20:50:00
USD/CAD Technical Outlook: Weekly Reversal Damaging
USD/CAD Technical Outlook: Weekly Reversal Damaging
2021-07-23 12:30:00
Australian Dollar Forecast: AUD/USD Plunges to Technical Support
Australian Dollar Forecast: AUD/USD Plunges to Technical Support
2021-07-22 17:59:00
British Pound Technical Analysis: GBP/JPY, GBP/USD, EUR/GBP Rates Outlook
British Pound Technical Analysis: GBP/JPY, GBP/USD, EUR/GBP Rates Outlook
2021-07-22 17:50:00
Advertisement

Rates

USD/CAD
Bearish