Commodity Prices

Gold •523 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	1,667.90	+7.50	+0.45%
WTI Crude •11 mins	58.75	-0.13	-0.22%
Gasoline •11 mins	1.796	-0.002	-0.11%
Ethanol •523 days	2.161	+0.000	+0.00%
Silver •523 days	30.82	+1.16	+3.92%

Silver • 523 days	30.82	+1.16	+3.92%
Copper • 523 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	62.38	-0.11	-0.18%
Natural Gas • 11 mins	4.832	-0.080	-1.63%
Heating Oil • 12 mins	2.292	-0.007	-0.28%

Headlines

908 days Will The ECB Continue To Hike Rates?
908 days Forbes: Aramco Remains Largest Company In The Middle East
910 days Caltech Scientists Succesfully Beam Back Solar Power From Space
1,310 days Could Crypto Overtake Traditional Investment?
1,315 days Americans Still Quitting Jobs At Record Pace
1,316 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
1,320 days Is The Dollar Too Strong?
1,320 days Big Tech Disappoints Investors on Earnings Calls
1,321 days Fear And Celebration On Twitter as Musk Takes The Reins
1,322 days China Is Quietly Trying To Distance Itself From Russia
1,323 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
1,327 days Crypto Investors Won Big In 2021
1,327 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
1,328 days Food Prices Are Skyrocketing As Putin’s War Persists
1,330 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
1,330 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
1,334 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
1,335 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
1,335 days Two ETFs That Could Hedge Against Extreme Market Volatility
1,337 days Are NFTs About To Take Over Gaming?

What's Behind The Global EV Sales Slowdown?

An economic slowdown in many…

How The Ultra-Wealthy Are Using Art To Dodge Taxes

More freeports open around the…

The Biggest Challenge Facing West Africa's Single Currency Plan

The Economic Community of West…

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 - Weakening

By - Aug 27, 2014, 6:05 AM CDT

USD/CAD has broken the hourly support at 1.0928 after having breached the resistance at 1.0986. The resulting false breakout favours further short-term weakness towards the support at 1.0861 (15/08/2014 low, see also the 38.2% retracement). A resistance now stands at 1.0998 (26/08/2014 high). Another support lies 1.0797.

In the longer term, the technical structure looks like a rounding bottom whose minimum upside potential is at 1.1725. However, a break of the support area implied by the long-term rising trendline and 1.0559 (29/11/2013 low) would invalidate this long-term bullish configuration.

Daily Technical Report