{"id":11241,"date":"2010-07-21T08:45:46","date_gmt":"2010-07-21T12:45:46","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=11241"},"modified":"2010-07-21T08:45:46","modified_gmt":"2010-07-21T12:45:46","slug":"usd-expected-to-rebound-against-cad","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2010\/07\/21\/usd-expected-to-rebound-against-cad\/","title":{"rendered":"USD Expected to Rebound Against CAD"},"content":{"rendered":"<p><strong>By Anton Eljwizat<\/strong> &#8211; The USD\/CAD pair has experienced much bearishness in the last few  days as it currently trades at 1.0385. The current bearish trend is  expected to come to an end anytime soon, and a bullish correction may be  in the making. I will illustrate below that the USD\/CAD may very well  be heading for a reversal. Traders are strongly advised to take  advantage of the trend at an early stage.<\/p>\n<p>\u2022\tPoint 1: The Slow Stochastic indicates  an impending bullish cross, signaling that the next move may be in an  upward direction.<\/p>\n<p>\u2022\tPoint 2: The RSI signals that the price of this pair currently  floats in the over-sold territory, suggesting upward pressure.<\/p>\n<p>\u2022\tPoint 3: William Percents Range also supports the upward direction.<\/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><strong>USD\/CAD 4-Hour Chart<\/strong><\/p>\n<p><a href=\"http:\/\/www.forexyard.com\/blog\/en\/wp-content\/uploads\/2010\/07\/USD-CAD-21-7.JPG\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone\" src=\"http:\/\/www.forexyard.com\/blog\/en\/wp-content\/uploads\/2010\/07\/USD-CAD-21-7.JPG\" alt=\"\" width=\"447\" height=\"589\" \/><\/a><\/p>\n<p><strong><em>Forex Market Analysis<\/em> provided by <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 USD\/CAD pair has experienced much bearishness in the last few days as it currently trades at 1.0385. The current bearish trend is expected to come to an end anytime soon, and a bullish correction may be in the making. I will illustrate below that the USD\/CAD may very well be &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.investmacro.com\/fx\/2010\/07\/21\/usd-expected-to-rebound-against-cad\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;USD Expected to Rebound Against CAD&#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-11241","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/11241","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=11241"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/11241\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=11241"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=11241"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=11241"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}