{"id":161423,"date":"2019-12-09T14:35:16","date_gmt":"2019-12-09T19:35:16","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=161423"},"modified":"2019-12-09T12:54:16","modified_gmt":"2019-12-09T17:54:16","slug":"usdcad-analysis-falling-canadian-building-permits-bullish-for-usdcad","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2019\/12\/usdcad-analysis-falling-canadian-building-permits-bullish-for-usdcad\/","title":{"rendered":"USDCAD Analysis: Falling Canadian building permits bullish for USDCAD"},"content":{"rendered":"<div id=\"inves-2593356488\" class=\"inves-below-title-posts inves-entity-placement\"><div id =\"posts_date_custom\"><div align=\"left\">December 9, 2019<\/div><hr style=\"border: none; border-bottom: 3px solid black;\">\r\n<\/div><\/div><p><strong>By <a href=\"http:\/\/www.ifcmarkets.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">IFCMarkets<\/a><\/strong><\/p>\n<p><strong>Falling Canadian building permits bullish for USDCAD<\/strong><\/p>\n<p>Building permits in Canada declined 1.5% over month in total value to $8.3 billion in October after 5.9% drop in previous month. Will the <a href=\"https:\/\/www.ifcmarkets.com\/en\/market-data\/forex-prices\/usdcad\">USDCAD<\/a> rise?<\/p>\n<p style=\"text-align: center; margin-bottom: 20px; margin-top: 20px;\"><img decoding=\"async\" style=\"float: none;\" src=\"https:\/\/www.ifcmarkets.com\/uploads\/images\/USDCAD_9December2019.png\" alt=\"USDCAD testing MA(200)\" width=\"660px\" \/><\/p>\n<p>The price chart on 1-hour timeframe shows <b> USDCAD: H1 <\/b> is trading sideways. The price is testing the 200-period moving average MA(200) which is level. And the RSI oscillator is falling toward 50 level. There is no trend yet formed, traders have to decide when it would be a best time to enter the market.<\/p>\n<p>Market Analysis provided by <a href=\"http:\/\/www.ifcmarkets.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">IFCMarkets<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>By IFCMarkets Falling Canadian building permits bullish for USDCAD Building permits in Canada declined 1.5% over month in total value to $8.3 billion in October after 5.9% drop in previous month. Will the USDCAD rise? The price chart on 1-hour timeframe shows USDCAD: H1 is trading sideways. The price is testing the 200-period moving average [&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-161423","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/161423","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=161423"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/161423\/revisions"}],"predecessor-version":[{"id":161459,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/161423\/revisions\/161459"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=161423"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=161423"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=161423"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}