Commodity Prices

Gold •294 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	977.80	-1.80	-0.18%
WTI Crude •10 mins	62.51	+0.24	+0.39%
Gasoline •13 mins	2.086	+0.003	+0.12%
Ethanol •294 days	2.161	+0.000	+0.00%
Silver •294 days	30.82	+1.16	+3.92%

Silver • 294 days	30.82	+1.16	+3.92%
Copper • 294 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	66.37	+0.25	+0.38%
Natural Gas • 10 mins	3.000	-0.022	-0.73%
Heating Oil • 21 mins	2.131	+0.004	+0.18%

Headlines

678 days Will The ECB Continue To Hike Rates?
679 days Forbes: Aramco Remains Largest Company In The Middle East
680 days Caltech Scientists Succesfully Beam Back Solar Power From Space
1,080 days Could Crypto Overtake Traditional Investment?
1,085 days Americans Still Quitting Jobs At Record Pace
1,087 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
1,090 days Is The Dollar Too Strong?
1,090 days Big Tech Disappoints Investors on Earnings Calls
1,091 days Fear And Celebration On Twitter as Musk Takes The Reins
1,093 days China Is Quietly Trying To Distance Itself From Russia
1,093 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
1,097 days Crypto Investors Won Big In 2021
1,097 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
1,098 days Food Prices Are Skyrocketing As Putin’s War Persists
1,100 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
1,101 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
1,104 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
1,105 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
1,105 days Two ETFs That Could Hedge Against Extreme Market Volatility
1,107 days Are NFTs About To Take Over Gaming?

Strong U.S. Dollar Weighs On Blue Chip Earnings

Earnings season is well underway,…

Another Retail Giant Bites The Dust

Forever 21 filed for Chapter…

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 Rising Trendline is Still in Place

By - May 24, 2013, 5:47 AM CDT

USD/CAD has sharply retraced the rise made on 22 May, which led to the break of the strong resistance at 1.0342 (01/03/2013 high). However, the short-term rising trendline has thus far held, preserving a short-term supportive technical configuration. An hourly resistance lies at 1.0360 (intraday high). Hourly supports are at 1.0286 (23/05/2013 high) and 1.0217 (20/05/2013 low).

In the longer-term, we favour a bullish bias as long as the support at 1.0000 (14/02/2013 low, see also the rising trendline from 0.9633 (14/09/2012 low) in a daily chart) holds. Key resistances are now at 1.0447 (04/06/2012 high) and 1.0658 (04/10/2011 high).

Daily Technical Report