{"id":128516,"date":"2018-06-15T06:26:21","date_gmt":"2018-06-15T10:26:21","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=128516"},"modified":"2018-06-15T05:26:57","modified_gmt":"2018-06-15T09:26:57","slug":"%e2%80%8busd-cad-exactly-at-resistance-cluster","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2018\/06\/%e2%80%8busd-cad-exactly-at-resistance-cluster\/","title":{"rendered":"\u200bUSD\/CAD Exactly at Resistance Cluster"},"content":{"rendered":"
June 15, 2018<\/div>
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By Admiral Markets<\/b><\/p>\n

USD\/CAD Exactly at Resistance Cluster<\/p>\n

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Source: Admiral Markets MT5<\/a> with MT5SE Add-on<\/a><\/p>\n

After the strong breakout of W H4 level, the USD\/CAD has had a powerful upside momentum reaching both W H5 and new D H3 resistance. This is a resistance cluster now, and any sign of a bearish divergence or a reversal pattern could reject the price. Watch for the 1.3138-48 zone and a possible 1.3060 retest. However, if we don’t see any rejection from the zone, the pair could go up further towards 1.3192. A strong close above 1.3192 should target 1.3266. However, W H5 is the strongest weekly resistance so there should be resistance there.<\/p>\n

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

W H3 – Weekly Camarilla Pivot (Weekly Interim Resistance)<\/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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W H4 – Weekly Camarilla Pivot (Strong Weekly Resistance)<\/p>\n

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

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

Best wishes,<\/p>\n

Follow Admiral Markets<\/a> on Facebook \u2013 @AdmiralMarkets<\/a> on Twitter \u2013 for the latest market updates.<\/p>\n

This material does not contain and should not be construed as containing investment advice, investment recommendations, an offer of or solicitation for any transactions in financial instruments. Please note that such trading analysis is not a reliable indicator for any current or future performance, as circumstances may change over time. Before making any investment decisions, you should seek advice from independent financial advisors to ensure you understand the risks<\/a>.<\/p>\n

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

Source: \u200bUSD\/CAD Exactly at Resistance Cluster<\/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 USD\/CAD Exactly at Resistance Cluster Source: Admiral Markets MT5 with MT5SE Add-on After the strong breakout of W H4 level, the USD\/CAD has had a powerful upside momentum reaching both W H5 and new D H3 resistance. This is a resistance cluster now, and any sign of a bearish divergence or a […]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-128516","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/128516","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=128516"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/128516\/revisions"}],"predecessor-version":[{"id":128523,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/128516\/revisions\/128523"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=128516"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=128516"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=128516"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}