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.



Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events


Economic Calendar

Economic Calendar Events

Free Trading Guides
Please try again
Oil - US Crude
Wall Street
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
  • RT @KyleR_IG: Restrictions to be eased in Victoria as the state records three new COVID-19 cases
  • Commodities Update: As of 02:00, these are your best and worst performers based on the London trading schedule: Oil - US Crude: 0.88% Silver: -0.04% Gold: -0.20% View the performance of all markets via
  • The continuity seen across these volatility cycles is a good thing. Historical precedence offer a blueprint for identifying conditions supportive for a vol-event to occur, and how they may unfold. Deepen your knowledge of historical volatility here:
  • Forex Update: As of 02:00, these are your best and worst performers based on the London trading schedule: 🇳🇿NZD: 0.19% 🇦🇺AUD: 0.06% 🇨🇦CAD: 0.04% 🇬🇧GBP: -0.04% 🇪🇺EUR: -0.05% 🇨🇭CHF: -0.07% View the performance of all markets via
  • IG Client Sentiment Update: Our data shows the vast majority of traders in USD/CHF are long at 75.86%, while traders in France 40 are at opposite extremes with 82.70%. See the summary chart below and full details and charts on DailyFX:
  • Dow Jones Retreats Ahead of FOMC, Nikkei 225 and ASX 200 Open Lower
  • 🇦🇺 Westpac Leading Index MoM (MAY) Actual: -0.06% Previous: 0.19%
  • MSCI #EmergingMarkets Index (EEM), which is heavily weighed in Chinese stocks, has been struggling to breach the 54.97 - 55.34 inflection zone A hawkish #Fed (especially amid ebbing #PBOC liquidity measures), could risk weighing the index Breach under 20-day SMA exposes MAR low
  • 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:
  • Natural gas spot prices have been on the rise, recapturing a key trendline, following the EIA’s Short-Term Energy Outlook. Where can prices head from here? Find out from @FxWestwater here:
USD/CAD Technical Outlook: Hitting 6-Year Lows in Search of Support

USD/CAD Technical Outlook: Hitting 6-Year Lows in Search of Support

Paul Robinson, Strategist

USD/CAD Technical Outlook

  • USD/CAD trading at May 2015 levels
  • One swing-low lies below, otherwise not much else to look at

USD/CAD Technical Outlook: Hitting 6-Year Lows in Search of Support

USD/CAD continues to trade with weights around its ankles, unable to muster more than a day or two of rallying before sinking back to new lows. The 2018 low barely led to a pause, the 2017 low helped induce one of those two day rallies until the June 2020 underside trend-line was met. Now we are looking at the worst levels since May 2015.

The next level to watch arrives at 11919, a significant swing-low created during May of 2015. However, it’s not a yearly low, so that makes it less meaningful. Outside of that low there isn’t anything else price-wise that is meaningful for some distance lower.

If price can hold around the 2017 low, giving it a little wiggle room, then perhaps we may see a rally develop, but price action is quite uninspiring for such an event. As mentioned last week, a strong reversal or bullish engulfing day from around a low could change the outlook for a bit.

But until we see some force in an up-move the path of least resistance continues to be firmly lower. From a tactical standpoint, existing shorts from higher levels may want to hold for lower levels while maintaining some type of trailing stop strategy in the event of a reversal.

Fresh shorts don’t hold much appeal from a risk/reward perspective, while longs hold no appeal until we see some type of strong upward price action that suggests a squeeze may be getting underway. Even then it may be a tough counter-trend type trade.

USD/CAD Daily Chart (dropping to May 2015 levels)

usd/cad daily chart

USD/CAD Chart by TradingView

Resources for Forex Traders

Whether you are a new or experienced trader, we have several resources available to help you; indicator for tracking trader sentiment, quarterly trading forecasts, analytical and educational webinars held daily, trading guides to help you improve trading performance, and one specifically for those who are new to forex.

---Written by Paul Robinson, Market Analyst

You can follow Paul on Twitter at @PaulRobinsonFX

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.