{"id":92704,"date":"2016-07-11T04:40:55","date_gmt":"2016-07-11T08:40:55","guid":{"rendered":"http:\/\/countingpips.com\/?p=92704"},"modified":"2016-07-11T04:40:55","modified_gmt":"2016-07-11T08:40:55","slug":"usdcad-w-bullish-breakout","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2016\/07\/usdcad-w-bullish-breakout\/","title":{"rendered":"USD\/CAD W bullish breakout"},"content":{"rendered":"
July 11, 2016<\/div>
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By Admiral Markets<\/b><\/p>\n

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The USD\/CAD is advancing towards H4 camarilla PP 1.3091 after a W bullish breakout of H3 1.3066 level. If the pair breaks and closes above 1.3091 next targets are 1.3108-20 (double top, historical sellers) and 1.3140. Oil is dropping, SP500 hit a record overnight and price action suggests buying on pullbacks.<\/p>\n

POC 1 is 1.3066 (W breakout, 23.6, H3), while POC2 is 1.3020-30 (DPP, trend line top, 61.8).Have in mind that L3 and EMA are also providing support at 1.3000-10 so there are fresh buyers waiting should we see a pullback. H4 is also bullish as we can see from our mini chart<\/a>.<\/p>\n

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

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

Source: USD\/CAD W bullish breakout<\/a><\/p>

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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","protected":false},"excerpt":{"rendered":"

By Admiral Markets The USD\/CAD is advancing towards H4 camarilla PP 1.3091 after a W bullish breakout of H3 1.3066 level. If the pair breaks and closes above 1.3091 next targets are 1.3108-20 (double top, historical sellers) and 1.3140. Oil is dropping, SP500 hit a record overnight and price action suggests buying on pullbacks. POC […]<\/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-92704","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/92704","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=92704"}],"version-history":[{"count":1,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/92704\/revisions"}],"predecessor-version":[{"id":92705,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/92704\/revisions\/92705"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=92704"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=92704"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=92704"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}