{"id":42626,"date":"2013-10-02T09:00:58","date_gmt":"2013-10-02T13:00:58","guid":{"rendered":"http:\/\/countingpips.com\/forex-news\/?p=42626"},"modified":"2013-10-02T09:00:58","modified_gmt":"2013-10-02T13:00:58","slug":"usdcad-three-waves-within-downtrend-bearish-structure","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex-news\/2013\/10\/02\/usdcad-three-waves-within-downtrend-bearish-structure\/","title":{"rendered":"USDCAD: Three Waves Up Within Downtrend Is A Bearish Structure"},"content":{"rendered":"<p>USDCAD is recovering from 1.0180 but in corrective fashion labeled as wave (iv) that is part of a larger incomplete five wave decline\u00a0 from August high. We can see that rally from 1.0180 is in three waves that retraced back to former wave four for 38.2%-50% retracement area. As such, thats an ideal zone for a reversal back to previous lows; 1.0280 break will confirm the bearish case for this market, while rise above 1.0450 will invalidate it.<\/p>\n<p>USDCAD 4h Elliott Wave Analysis Chart<\/p>\n<p><img decoding=\"async\" alt=\"USDCAD 4h Elliott Wave Analysis\" src=\"http:\/\/charts.stocktwits.net\/production\/original_16204886.png\" \/><\/p>\n<p>Written by <a href=\"http:\/\/www.ew-forecast.com\">Elliott Wave Analysis Services <\/a><\/p>\n<p>Try EW-Forecast.com&#8217;s Services Free For 7 Days at <a href=\"http:\/\/www.ew-forecast.com\/service\">http:\/\/www.ew-forecast.com\/service <\/a><\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>USDCAD is recovering from 1.0180 but in corrective fashion labeled as wave (iv) that is part of a larger incomplete five wave decline\u00a0 from August high. We can see that rally from 1.0180 is in three waves that retraced back to former wave four for 38.2%-50% retracement area. As such, thats an ideal zone for &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.investmacro.com\/forex-news\/2013\/10\/02\/usdcad-three-waves-within-downtrend-bearish-structure\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;USDCAD: Three Waves Up Within Downtrend Is A Bearish Structure&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-42626","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts\/42626","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/comments?post=42626"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts\/42626\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/media?parent=42626"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/categories?post=42626"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/tags?post=42626"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}