{"id":111648,"date":"2017-08-25T06:32:46","date_gmt":"2017-08-25T10:32:46","guid":{"rendered":"http:\/\/countingpips.com\/?p=111648"},"modified":"2017-08-25T06:32:46","modified_gmt":"2017-08-25T10:32:46","slug":"usdcads-short-term-downtrend-extended-to-1-2505","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2017\/08\/usdcads-short-term-downtrend-extended-to-1-2505\/","title":{"rendered":"USDCAD\u2019s short term downtrend extended to 1.2505"},"content":{"rendered":"<div id=\"inves-3020730856\" class=\"inves-below-title-posts inves-entity-placement\"><div id =\"posts_date_custom\"><div align=\"left\">August 25, 2017<\/div><hr style=\"border: none; border-bottom: 3px solid black;\">\r\n<\/div><\/div><div class=\"entry-content\">\n<p>USDCAD\u2019s short term downtrend from 1.2778 extended to as low as 1.2505. As long as the price is in the falling price channel on the 4-hour chart, the downtrend could be expected to continue and deeper decline to test 1.2413 support is possible. On the upside, a clear break above the top trend line of the price channel will signal completion of the short term downtrend, then the following upside movement could bring price to test 1.2778 resistance.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-114067\" src=\"http:\/\/www.forexcycle.com\/wp-content\/uploads\/2017\/20170825_USDCAD_1.png\" alt=\"USDCAD 4-hour chart\" width=\"500\" height=\"300\" \/><\/p>\n<\/div>\n<p>By <a href=\"http:\/\/ForexCycle.com\" target=\"_blank\" rel=\"noopener\">ForexCycle.com<\/a><\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>USDCAD\u2019s short term downtrend from 1.2778 extended to as low as 1.2505. As long as the price is in the falling price channel on the 4-hour chart, the downtrend could be expected to continue and deeper decline to test 1.2413 support is possible. On the upside, a clear break above the top trend line of [&hellip;]<\/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-111648","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/111648","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=111648"}],"version-history":[{"count":3,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/111648\/revisions"}],"predecessor-version":[{"id":111654,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/111648\/revisions\/111654"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=111648"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=111648"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=111648"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}