{"id":113705,"date":"2017-09-28T08:35:07","date_gmt":"2017-09-28T12:35:07","guid":{"rendered":"http:\/\/countingpips.com\/?p=113705"},"modified":"2017-09-28T08:08:52","modified_gmt":"2017-09-28T12:08:52","slug":"usdcad-uptrend-intact-as-long-as-1-2325-holds","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2017\/09\/usdcad-uptrend-intact-as-long-as-1-2325-holds\/","title":{"rendered":"USD\/CAD Uptrend Intact as long as 1.2325 holds"},"content":{"rendered":"
September 28, 2017<\/div>
\r\n<\/div><\/div>

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

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

The USD\/CAD is in a strong uptrend. However traders need to pay attention to Trade balance<\/a> data release today which measures the difference in value between imported and exported goods during the reported month. From the current standpoint 1.2455-70 is the POC zone ( PPC, W H4, ATR pivot, 14.6) and during strong trend 14.6 is known to reject the price. However on a deeper retracement that might happen after the news depending on the actual result, the USD\/CAD could drop to POC2 (D L4, previous week’s high, EMA89, 38.2, W H3) 1.2370-95. Targets on a bounce are 1.2560 and 1.2630. 1.2325 needs to hold else the price might get back into the downward AP channel.<\/p>\n

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

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

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

D H4 – Daily Camarilla Pivot (Very Strong Daily Resistance)<\/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

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

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

PPR – Progressive Polynomial Channel<\/p>\n

AP -Andrew’s Pitchfork<\/p>\n

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

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

Sign up for Live Trading Webinars<\/a> with Nenad Kerkez T<\/p>\n

Connect with Nenad Kerkez T<\/a> on Facebook for latest market update<\/p>\n

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

Source: USD\/CAD Uptrend Intact as long as 1.2325 holds<\/a><\/p>\n

\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

 <\/p>\n","protected":false},"excerpt":{"rendered":"

By Admiral Markets The USD\/CAD is in a strong uptrend. However traders need to pay attention to Trade balance data release today which measures the difference in value between imported and exported goods during the reported month. From the current standpoint 1.2455-70 is the POC zone ( PPC, W H4, ATR pivot, 14.6) and during […]<\/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-113705","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/113705","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=113705"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/113705\/revisions"}],"predecessor-version":[{"id":113707,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/113705\/revisions\/113707"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=113705"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=113705"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=113705"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}