Commodity Prices

Gold •418 days	2,368.70	+35.30	+1.51%
Platinum •14 mins	1,346.50	+7.70	+0.58%
WTI Crude •10 mins	63.72	-1.08	-1.67%
Gasoline •13 mins	2.125	-0.023	-1.09%
Ethanol •418 days	2.161	+0.000	+0.00%
Silver •418 days	30.82	+1.16	+3.92%

Silver • 418 days	30.82	+1.16	+3.92%
Copper • 418 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	67.77	-1.03	-1.50%
Natural Gas • 10 mins	2.719	+0.023	+0.85%
Heating Oil • 10 mins	2.315	-0.032	-1.37%

Headlines

803 days Will The ECB Continue To Hike Rates?
803 days Forbes: Aramco Remains Largest Company In The Middle East
805 days Caltech Scientists Succesfully Beam Back Solar Power From Space
1,205 days Could Crypto Overtake Traditional Investment?
1,210 days Americans Still Quitting Jobs At Record Pace
1,212 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
1,215 days Is The Dollar Too Strong?
1,215 days Big Tech Disappoints Investors on Earnings Calls
1,216 days Fear And Celebration On Twitter as Musk Takes The Reins
1,218 days China Is Quietly Trying To Distance Itself From Russia
1,218 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
1,222 days Crypto Investors Won Big In 2021
1,222 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
1,223 days Food Prices Are Skyrocketing As Putin’s War Persists
1,225 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
1,226 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
1,229 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
1,230 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
1,230 days Two ETFs That Could Hedge Against Extreme Market Volatility
1,232 days Are NFTs About To Take Over Gaming?

The Biggest Challenge Facing West Africa's Single Currency Plan

The Economic Community of West…

Wells Fargo Back In The Spotlight Over Personal Loan Cancellations

Wells Fargo has done it…

Zombie Foreclosures On The Rise In The U.S.

During the quarter there were…

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 - Medium-Term Reversal

By - May 19, 2016, 5:58 AM CDT

USD/CAD has entered a new medium term bullish momentum. Hourly support is given at 1.2772 (12/05/2016 low) while hourly resistance at 1.3015 (18/04/2016 high) has been broken. Expected to show continued strengthening.

In the longer term, the pair is now trading well below the 200-day moving average. Strong resistance is given at 1.4948 (21/03/2003 high). Stronger support can be found at 1.1731 (06/01/2015 low).

Daily Technical Report