{"id":17098,"date":"2010-12-20T08:15:08","date_gmt":"2010-12-20T13:15:08","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=17098"},"modified":"2010-12-20T08:15:08","modified_gmt":"2010-12-20T13:15:08","slug":"usdcad-awaits-wholesale-sales-with-bearish-sentiment","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2010\/12\/20\/usdcad-awaits-wholesale-sales-with-bearish-sentiment\/","title":{"rendered":"USD\/CAD Awaits Wholesale Sales with Bearish Sentiment"},"content":{"rendered":"<p><strong>By Greg Holden<\/strong><\/p>\n<p>Ahead of the Canadian monthly <a href=\"http:\/\/www.forexyard.com\/en\/calendar\">wholesale sales report <\/a>(13:30 GMT), it appears the <a href=\"http:\/\/www.forexyard.com\/en\/trading\/usd-cad\">USD\/CAD<\/a> is building towards a decision point.<\/p>\n<p>On the shorter time-scale, we can see  the pair stagnating between the 38.2% and 50% Fibonacci retracement  levels, suggesting trader indecision prior to this release.<\/p>\n<p>Expectations are for an increase of 0.8%, up from last month\u2019s  reading of 0.4%, which appears to be forecasting a drop in the pair as  the loonie gains in value against the USD. The technical indicators  below support this downward sentiment.<\/p>\n<p>If <a href=\"http:\/\/www.forexyard.com\/en\/calendar\">Wholesale Sales <\/a>come as expected, traders should anticipate a downward move towards 1.0100.<\/p>\n<p><strong>USD\/CAD \u2013 4-Hour Chart<\/strong><\/p>\n<p><a href=\"http:\/\/www.forexyard.com\/blog\/en\/wp-content\/uploads\/2010\/12\/USDCAD-4H-Chart.JPG\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone\" title=\"forex-usdcad\" src=\"http:\/\/www.forexyard.com\/blog\/en\/wp-content\/uploads\/2010\/12\/USDCAD-4H-Chart.JPG\" alt=\"\" width=\"443\" height=\"716\" \/><\/a><\/p>\n<p><em><strong><a href=\"http:\/\/www.forexyard.com\/?zone_id=1398\" target=\"_blank\">Forex Market Analysis provided by ForexYard. <\/a><\/strong><\/em><em><strong><a href=\"http:\/\/www.forexyard.com\/?zone_id=1398\" target=\"_blank\"><br \/>\n<\/a><\/strong><\/em><\/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>Ahead of the Canadian monthly wholesale sales report (13:30 GMT), it appears the USD\/CAD is building towards a decision point. On the shorter time-scale, we can see the pair stagnating between the 38.2% and 50% Fibonacci retracement levels, suggesting trader indecision prior to this release.<\/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-17098","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/17098","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=17098"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/17098\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=17098"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=17098"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=17098"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}