{"id":115780,"date":"2017-11-01T07:50:58","date_gmt":"2017-11-01T11:50:58","guid":{"rendered":"http:\/\/countingpips.com\/?p=115780"},"modified":"2018-06-01T15:53:33","modified_gmt":"2018-06-01T15:53:33","slug":"usdcad-is-waiting-for-fundamental-data-release","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2017\/11\/usdcad-is-waiting-for-fundamental-data-release\/","title":{"rendered":"USD\/CAD is Waiting for Fundamental Data Release"},"content":{"rendered":"
November 1, 2017<\/div>
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By Admiral Markets<\/b><\/p>\n

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The USD\/CAD has formed a double top pattern exactly at D H3 pivot. At this point we see a retracement that shows another proof how strong camarilla pivot points are. From a fundamental point of view the market might be waiting for ADP data<\/a> today as well as CAD Employment change<\/a> and trade balance. We should see a bit of volatility during the NY\/LO Session overlap. From a technical point we see the two POC zones. The first POC 1.2840-55 (order block, EMA89, D L4, 23.6) or the second POC zone 1..2800-15 (inner TL, D L5, 38.2, order block) might reject the price towards 1.2915, 1.2940 and 1.2982 on good ADP \/ bad CAD data. However if the price drops due to bad USD \/ good CAD data breakout below 1.2798 should target 1.2774, 1.2740 and 1.2726. Mixed data should keep the price action within the technical outlook.<\/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>

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

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

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

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

Source: USD\/CAD is Waiting for Fundamental Data Release<\/a><\/p>\n

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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 has formed a double top pattern exactly at D H3 pivot. At this point we see a retracement that shows another proof how strong camarilla pivot points are. From a fundamental point of view the market might be waiting for ADP data today as well as CAD Employment change and […]<\/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-115780","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/115780","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=115780"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/115780\/revisions"}],"predecessor-version":[{"id":115784,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/115780\/revisions\/115784"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=115780"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=115780"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=115780"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}