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Feb 12, 2012 08:47PM GMT
New York London Tokyo
DAILY FORECAST FOR USDCAD
By FX-Forecaster | Forex Technical Analysis | Dec 21, 2008 12:00AM GMT
Bias: While 1.12115-25 caps I still have a slight preference for losses to
1.1756
Losses developed but then bounced from just below the 1.1833 support and this has caused some doubts over the wave structure. If we are to see a further decline we shall need the 1.2115-25 resistance to cap. Given the uncertainty I feel that we should now wait for loss of 1.1979 which would generate follow-through to the 1.1923-45 area. In turn this should break for another leg lower to the 1.1856-84 support which could hold in a consolidation. Thus final confirmation of new lows comes on breach of 1.1856 to see 1.1756.
For full analysis please open today's full report in PDF format.
1.1756
Losses developed but then bounced from just below the 1.1833 support and this has caused some doubts over the wave structure. If we are to see a further decline we shall need the 1.2115-25 resistance to cap. Given the uncertainty I feel that we should now wait for loss of 1.1979 which would generate follow-through to the 1.1923-45 area. In turn this should break for another leg lower to the 1.1856-84 support which could hold in a consolidation. Thus final confirmation of new lows comes on breach of 1.1856 to see 1.1756.
For full analysis please open today's full report in PDF format.
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CFDs Quotes
| SPX 500 Futures | 1340.25 | -8.00 | -0.59% | |||
| NQ 100 Futures | 2549.20 | -11.80 | -0.46% | |||
| US 30 | 12801.23 | -89.23 | -0.69% | |||
| DAX | 6692.96 | -95.84 | -1.41% | |||
| UK 100 | 5852.39 | -43.08 | -0.73% | |||
| Japan 225 | 8947.17 | -55.07 | -0.61% | |||
| US Dollar Index | 79.11 | +0.42 | +0.54% |
CFDs Quotes
| Gold | 1723.95 | -17.25 | -0.99% | |||
| Silver | 33.575 | -0.342 | -1.01% | |||
| Copper | 3.862 | -0.117 | -2.93% | |||
| Crude Oil | 99.36 | +0.00 | +0.00% | |||
| Natural Gas | 2.476 | -0.001 | -0.04% | |||
| US Cotton No.2 | 91.03 | +0.65 | +0.72% | |||
| US Coffee C | 218.60 | +0.00 | +0.00% |
CFDs Quotes
| Euro Bund | 138.66 | +1.41 | +1.03% | |||
| Italian Govt. B. | 102.45 | -1.63 | -1.57% | |||
| Euro BOBL | 125.23 | +0.71 | +0.57% | |||
| UK Gilt | 115.78 | +1.13 | +0.99% | |||
| US 2 YR T-Note | 110.26 | -0.02 | -0.02% | |||
| US 10 YR T-Note | 131.21 | +0.36 | +0.28% | |||
| US 30 YR T-Bond | 142.43 | +0.79 | +0.56% |
Recent Activity
Central Banks Rates
| Central Banks | Interest Rates | Next Meeting | |||
|---|---|---|---|---|---|
| FED | 0.00%-0.250% | 03/13/12 | |||
| ECB | 1.000% | 03/08/12 | |||
| BOE | 0.500% | 03/08/12 | |||
| SNB | 0.000% | 03/15/12 | |||
| RBA | 4.250% | 03/06/12 | |||
| BOC | 1.000% | 03/08/12 | |||
| RBNZ | 2.500% | 03/07/12 | |||
| BOJ | 0.100% | 02/14/12 | |||
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