{"id":62227,"date":"2014-10-21T05:15:19","date_gmt":"2014-10-21T09:15:19","guid":{"rendered":"http:\/\/countingpips.com\/?p=62227"},"modified":"2014-10-21T07:35:47","modified_gmt":"2014-10-21T11:35:47","slug":"usdcad-forex-technical-analysis-october-21-2014","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2014\/10\/usdcad-forex-technical-analysis-october-21-2014\/","title":{"rendered":"USDCAD: Forex Technical Analysis October 21, 2014"},"content":{"rendered":"
October 21, 2014<\/div>
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By IFCMarkets<\/a><\/p>\n

Good afternoon, dear traders. Today we consider USD\/CAD<\/a> currency pair on the D1 chart. The price crossed the bearish trend line on the weekly chart and continued to move in the direction of the green zone: \u201ccorrect reversal\u201d was done (marked in red ellipse). A new support level at 1.10683 was confirmed by two Bill Williams fractals, so it can be used to place Stop Loss. Moreover, this mark is strengthened by DonchianChannel historical values. The uptrend is confirmed by Parabolic, which moves along the D1 trend line. There is no contradiction on the part of the RSI-Bars<\/a> oscillator: we expect the breach of a new resistance at 74.4109%. As may be supposed this breach will be preceded by the price level crossing at 1.13841. This mark can be used for placing a pending buy order.<\/p>\n

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After position opening, Trailing Stop is to be moved after the Parabolic values, near the next fractal trough. Updating is enough to be done every day after the formation of 5 new H4 candlesticks, needed for the Bill Williams fractal formation. Thus, we are changing the probable profit\/loss ratio to the breakeven point.<\/p>\n\n\n\n\n\n
Position<\/b><\/td>\nBuy<\/td>\n<\/tr>\n
Buy stop<\/b><\/td>\nabove 1.13841<\/td>\n<\/tr>\n
Stop loss<\/b><\/td>\nbelow 1.10683<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Dear traders. You can see the detailed report of the author\u2019s account by clicking here<\/a>.<\/p>\n

Market Analysis provided by IFCMarkets<\/a><\/p>\n

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By IFCMarkets Good afternoon, dear traders. Today we consider USD\/CAD currency pair on the D1 chart. The price crossed the bearish trend line on the weekly chart and continued to move in the direction of the green zone: \u201ccorrect reversal\u201d was done (marked in red ellipse). A new support level at 1.10683 was confirmed by […]<\/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-62227","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/62227","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=62227"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/62227\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=62227"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=62227"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=62227"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}