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Oil price have jumped up to a fresh seven-year-high and the Canadian Dollar has been showing similar motive as the commodity currency has been well bid, helping to set fresh lows in USD/CAD and EUR/CAD as CAD/ JPY has been ripping higher.

The oil-CAD relationship has been on display over the past month as both markets have been bursting with strength.

Forex Update: As of 10:00, these are your best and worst performers based on the London trading schedule:.

Commodities Update: As of 10:00, these are your best and worst performers based on the London trading schedule:.

Do you have what it takes? Read here to discover the qualities and processes it takes to build consistency:

Becoming a forex trader means living and breathing the excitement, risk and reward of trading in the biggest and most liquid market in the world.

Heads Up:🇲🇽 GDP Growth Rate YoY Prel (Q3) due at 11:00 GMT (15min).

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See the summary chart below and full details and charts on DailyFX:

IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 90.24%, while traders in AUD/JPY are at opposite extremes with 74.69%.

Heads Up:🇿🇦 Balance of Trade (SEP) due at 12:00 GMT (15min).

Learn more about the double top formation here:

Cad usd how to#

Do you know how to properly Identify a double top formation? Double tops can enhance technical analysis when trading both forex or stocks, making the pattern highly versatile in nature.Get a refresher on technical analysis or begin building your knowledge here: Are you new to trading? Technical analysis of charts aims to identify patterns and market trends by utilising different forms of technical chart types and other chart functions.