Commodity Prices

Gold •14 mins	2,394.00	-4.00	-0.17%
Platinum •14 mins	948.40	-6.10	-0.64%
WTI Crude •11 mins	82.56	-0.17	-0.21%
Gasoline •16 mins	2.706	-0.008	-0.30%
Ethanol •2 hours	2.161	+0.000	+0.00%
Silver •14 mins	28.29	-0.09	-0.32%

Silver • 14 mins	28.29	-0.09	-0.32%
Copper • 14 mins	4.428	-0.009	-0.19%
Brent Crude • 1 hour	87.11	-0.18	-0.21%
Natural Gas • 15 mins	1.744	-0.013	-0.74%
Heating Oil • 15 mins	2.531	-0.003	-0.11%

Headlines

308 days Will The ECB Continue To Hike Rates?
309 days Forbes: Aramco Remains Largest Company In The Middle East
310 days Caltech Scientists Succesfully Beam Back Solar Power From Space
710 days Could Crypto Overtake Traditional Investment?
715 days Americans Still Quitting Jobs At Record Pace
717 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
720 days Is The Dollar Too Strong?
720 days Big Tech Disappoints Investors on Earnings Calls
721 days Fear And Celebration On Twitter as Musk Takes The Reins
723 days China Is Quietly Trying To Distance Itself From Russia
723 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
727 days Crypto Investors Won Big In 2021
727 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
728 days Food Prices Are Skyrocketing As Putin’s War Persists
730 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
731 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
734 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
735 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
735 days Two ETFs That Could Hedge Against Extreme Market Volatility
737 days Are NFTs About To Take Over Gaming?

How The Ultra-Wealthy Are Using Art To Dodge Taxes

More freeports open around the…

Strong U.S. Dollar Weighs On Blue Chip Earnings

Earnings season is well underway,…

Is The Bull Market On Its Last Legs?

This aging bull market may…

MIG Bank

MIG BANK, formerly known as MIG INVESTMENTS, was established in Neuchatel, Switzerland as an online Forex broker and in 2009 became the world's 1st Forex…

More Info

Contact Author

USD/CAD: The Short-Term Declining Trendline Has Been Broken

By - Mar 20, 2013, 5:45 AM CDT

USD/CAD has broken its short-term declining trendline and its hourly resistance at 1.0247. Another resistance can be found at 1.0297. Supports are given by the rising trendline (around 1.0235) and 1.0181 (15/03/2013 low).

The break of the support at 1.0217 (28/02/2013 low) suggests a weakening bullish momentum. Coupled with the strong resistance at 1.0447 (04/06/2012 high) and the general overbought conditions, we see a limited upside potential for USD/CAD.

Daily Technical Report