{"id":10123,"date":"2010-06-10T08:16:13","date_gmt":"2010-06-10T12:16:13","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=10123"},"modified":"2010-06-10T08:16:13","modified_gmt":"2010-06-10T12:16:13","slug":"usdcad-bullish-correction-may-be-in-the-making","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2010\/06\/10\/usdcad-bullish-correction-may-be-in-the-making\/","title":{"rendered":"USD\/CAD Bullish Correction May Be in the Making"},"content":{"rendered":"<p><strong>By Anton Eljwizat<\/strong> &#8211; The pair has recorded much bearish behavior in the past week.  However, the technical data indicates that this trend may reverse  anytime soon. For example, as I demonstrate below, the 4-hour chart  signals that a bullish reversal is imminent, and it might have the  potential of reaching towards 1.0500 levels in the coming days. This  might be a good opportunity for forex traders to enter the trend at a  very early stage and a great entry price.<\/p>\n<p>\u2022\tThe technical indicators used are the  Relative Strength Index (RSI), Williams Percent Range and MACD.<\/p>\n<p>\u2022\tPoint 1: The Relative Strength Index (RSI) signals that the price  of this pair currently floats in the over-sold territory, indicating  upward pressure.<\/p>\n<p>\u2022\tPoint 2: The Williams Percent Range also supports the upward  direction.<\/p>\n<p>\u2022\tPoint 3: The MACD indicates an impending bullish cross, which may  signal an upward movement is going to occur in the near future.<\/p>\n<p>\u2022\tThe volatile downward movement which occurred prior to this upward  correction has generated these indicators, and there appears to be room  for this correction to continue.<\/p>\n<p>USD\/CAD 4-Hour Chart<\/p>\n<p><a href=\"http:\/\/www.forexyard.com\/blog\/en\/wp-content\/uploads\/2010\/06\/USD-CAD-10-6.JPG\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone\" src=\"http:\/\/www.forexyard.com\/blog\/en\/wp-content\/uploads\/2010\/06\/USD-CAD-10-6.JPG\" alt=\"\" width=\"502\" height=\"619\" \/><\/a><\/p>\n<p><strong><em>Forex Market Analysis<\/em> provided by\u00a0<a href=\"http:\/\/www.forexyard.com\/?zone_id=1398\" target=\"_blank\">Forex       Yard.<\/a><\/strong><\/p>\n<p>\u00a9 2006 by FxYard Ltd<\/p>\n<p>Disclaimer: Trading Foreign Exchange carries a high level of risk and       may not be suitable for all investors. There is a possibility that     you   could sustain a loss of all of your investment and therefore  you     should  not invest money that you cannot afford to lose. You  should  be    aware of  all the risks associated with Foreign Exchange  trading.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Anton Eljwizat &#8211; The pair has recorded much bearish behavior in the past week. However, the technical data indicates that this trend may reverse anytime soon. For example, as I demonstrate below, the 4-hour chart signals that a bullish reversal is imminent, and it might have the potential of reaching towards 1.0500 levels in &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.investmacro.com\/fx\/2010\/06\/10\/usdcad-bullish-correction-may-be-in-the-making\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;USD\/CAD Bullish Correction May Be in the Making&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-10123","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/10123","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/comments?post=10123"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/10123\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=10123"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=10123"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=10123"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}