{"id":108935,"date":"2017-07-13T05:32:21","date_gmt":"2017-07-13T09:32:21","guid":{"rendered":"http:\/\/countingpips.com\/?p=108935"},"modified":"2017-07-13T05:32:21","modified_gmt":"2017-07-13T09:32:21","slug":"usdcad-further-bearish-pressure-is-expected","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2017\/07\/usdcad-further-bearish-pressure-is-expected\/","title":{"rendered":"USD\/CAD Further Bearish Pressure Is Expected"},"content":{"rendered":"
July 13, 2017<\/div>
\r\n<\/div><\/div>

By Admiral Markets<\/b><\/p>\n

\n\t\n<\/p>\n

\n\tFollowing reports from OPEC that supply shall exceed demand in the oncoming year or so, we have a consolidating Crude Oil price around USD44-45\/bbl. BoC have increased their rate overnight following signs of inflation. Given this, the USD\/CAD could be further sold on on rallies. My previous analysis<\/a> showed a drop in the pair and I expect this to continue. At this point the pair is just above W H5, and above D L3. According to my CAMMACD method, we could see another drop below D L3. The drop could happen with or without retracement. If we see a retracement, pay attention to POC 1.2790-1.2810 (50.0, W L4, D H3, ATR pivot) where the price could reject. A move below 1.2675 suggests bearish continuation towards 1.2606 all the way down to 1.2485.\n<\/p>\n

\n\tFollow @TarantulaFX<\/a> on twitter for latest market updates\n<\/p>\n

\n\tConnect with Nenad Kerkez T<\/a> on Facebook for latest market updates.\n<\/p>\n

\n\tW L3 – Weekly Camarilla Pivot (Weekly Interim Support)\n<\/p>\n

\n\tW H3 – Weekly Camarilla Pivot (Weekly Interim Resistance)\n<\/p>

\r\n
\r\n

Free Reports:<\/p><\/div>\r\n

\r\n

<\/a>\r\n\t Get Our Free Metatrader 4 Indicators<\/u><\/b><\/a> - Put Our Free MetaTrader 4 Custom Indicators on your charts when you join our Weekly Newsletter<\/p>

\r\n
\r\n
\r\n

<\/a>\r\n\t Get our Weekly Commitment of Traders Reports<\/u><\/b><\/a> - See where the biggest traders (Hedge Funds and Commercial Hedgers) are positioned in the futures markets on a weekly basis.<\/p>

\r\n<\/div>\r\n

\r\n
<\/div>\n

\n\tW H4 – Weekly Camarilla Pivot (Strong Weekly Resistance)\n<\/p>\n

\n\tD H4 – Daily Camarilla Pivot (Very Strong Daily Resistance)\n<\/p>\n

\n\tD L3 \u2013 Daily Camarilla Pivot (Daily Support)\n<\/p>\n

\n\tD L4 \u2013 Daily H4 Camarilla (Very Strong Daily Support)\n<\/p>\n

\n\tPOC – Point Of Confluence (The zone where we expect price to react aka entry zone)\n<\/p>\n

\n\"Download<\/a>\n<\/p>\n

Article by Admiral Markets<\/b><\/p>\n

Source: USD\/CAD Further Bearish Pressure Is Expected<\/a><\/p>\n

<\/a><\/p>\n

Admiral Markets is a leading online provider, offering trading with Forex and CFDs on stocks, indices, precious metals and energy.<\/p>\n","protected":false},"excerpt":{"rendered":"

By Admiral Markets Following reports from OPEC that supply shall exceed demand in the oncoming year or so, we have a consolidating Crude Oil price around USD44-45\/bbl. BoC have increased their rate overnight following signs of inflation. Given this, the USD\/CAD could be further sold on on rallies. My previous analysis showed a drop in […]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-108935","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/108935","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=108935"}],"version-history":[{"count":1,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/108935\/revisions"}],"predecessor-version":[{"id":108936,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/108935\/revisions\/108936"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=108935"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=108935"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=108935"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}