{"id":93655,"date":"2016-07-29T08:38:37","date_gmt":"2016-07-29T12:38:37","guid":{"rendered":"http:\/\/countingpips.com\/?p=93655"},"modified":"2016-07-29T08:38:37","modified_gmt":"2016-07-29T12:38:37","slug":"usdcad-daily-bullish-hammer-but-watch-the-news","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2016\/07\/usdcad-daily-bullish-hammer-but-watch-the-news\/","title":{"rendered":"USD\/CAD Daily bullish hammer but watch the news"},"content":{"rendered":"
July 29, 2016<\/div>
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By Admiral Markets<\/b><\/p>\n

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The USD\/CAD has formed a daily bullish hammer as we can see on our mini chart and it is in alignment with historical buyers a support. It suggests a bullish continuation. Currently the market is waiting for important CAD and USD GDP news so we need to pay attention to charts.<\/p>\n

POC (50.0,EMA 89, steep trend line) stands within 1.3145-55 zone and if the zone holds we might see 1.3180 an 1.3203 (H4 CAM). If 1.3203 breaks 1.3250 is next target. However if we see a drop below 1.3145 on positive CAD and negative USD news the pair could drop below 1.3140 targeting 1.3100.<\/p>\n

The pair is technically bullish so if we see good USD \/ bad CAD data, then the pair will be in both technical and fundamental alignment and long on dips (breakout) is the option.<\/p>\n

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

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

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Source: USD\/CAD Daily bullish hammer but watch the news<\/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","protected":false},"excerpt":{"rendered":"

By Admiral Markets The USD\/CAD has formed a daily bullish hammer as we can see on our mini chart and it is in alignment with historical buyers a support. It suggests a bullish continuation. Currently the market is waiting for important CAD and USD GDP news so we need to pay attention to charts. 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-93655","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/93655","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=93655"}],"version-history":[{"count":1,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/93655\/revisions"}],"predecessor-version":[{"id":93656,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/93655\/revisions\/93656"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=93655"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=93655"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=93655"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}