{"id":110205,"date":"2017-08-03T05:49:10","date_gmt":"2017-08-03T09:49:10","guid":{"rendered":"http:\/\/countingpips.com\/?p=110205"},"modified":"2017-08-03T05:49:10","modified_gmt":"2017-08-03T09:49:10","slug":"usdcad-overextended-above-weekly-and-daily-camarilla-pivots","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2017\/08\/usdcad-overextended-above-weekly-and-daily-camarilla-pivots\/","title":{"rendered":"USD\/CAD Overextended Above Weekly And Daily Camarilla Pivots"},"content":{"rendered":"
August 3, 2017<\/div>
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By Admiral Markets<\/b><\/p>\n

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\n\tThe USD\/CAD is enjoying the uptrend that I have already provided the analysis<\/a> for, but now it looks a bit overextended to the upside. This looks like a USD strength more than CAD weakness as ADP numbers<\/a> had a revision yesterday that provided a boost to dollar. At this point the USD\/CAD is getting close to the POC (ATR pivot, D H5, bearish order block) 1.2610-30. The price is above both weekly and daily H5. There is also a bearish divergence that suggests a possible U-turn. Targets are 1.2580,1.2550 and 1.2530. Ideally the price should stay below 1.2660 if the bears want to remain in control.\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>

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

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<\/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>

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<\/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>

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

\n\tM H4 – Monthly Camarilla Pivot (Very Strong Monthly Resistance)\n<\/p>\n

\n\tM L3 \u2013 Monthly Camarilla Pivot (Monthly Support)\n<\/p>\n

\n\tM L4 \u2013 Monthly H4 Camarilla (Very Strong Monthly Support)\n<\/p>\n

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

\n\"MT4<\/a><\/p>\n

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

Source: USD\/CAD Overextended Above Weekly And Daily Camarilla Pivots<\/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 The USD\/CAD is enjoying the uptrend that I have already provided the analysis for, but now it looks a bit overextended to the upside. This looks like a USD strength more than CAD weakness as ADP numbers had a revision yesterday that provided a boost to dollar. At this point the USD\/CAD […]<\/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-110205","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/110205","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=110205"}],"version-history":[{"count":1,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/110205\/revisions"}],"predecessor-version":[{"id":110206,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/110205\/revisions\/110206"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=110205"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=110205"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=110205"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}