{"id":21819,"date":"2011-03-09T09:48:12","date_gmt":"2011-03-09T13:48:12","guid":{"rendered":"http:\/\/www.forexyard.com\/blog\/en\/?p=13614"},"modified":"2011-03-09T09:48:12","modified_gmt":"2011-03-09T13:48:12","slug":"usdcad-set-for-bullish-correction","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2011\/03\/09\/usdcad-set-for-bullish-correction\/","title":{"rendered":"USD\/CAD Set for Bullish Correction"},"content":{"rendered":"<p><img decoding=\"async\" src=\"http:\/\/www.forexyard.com\/blog\/en\/wp-content\/uploads\/profile-pics\/12.jpg\" width=\"120\"  alt=\"printprofile\" \/><\/p>\n<p>The USD has dropped significantly versus the CAD in the past few days, and it is currently traded around 0.9677. And now as evident in the data below, the 4-hour chart is giving bullish signals, indicating that USD\/CAD pair might go up. Forex traders can take advantage of this impending movement by having their Entry Orders in place to capture this reversal.<\/p>\n<p><span id=\"more-13614\"><\/span>\u2022\tBelow is the daily chart of the <a href=\"http:\/\/www.forexyard.com\/en\/trading\">USD\/CAD <\/a>currency pair.<\/p>\n<p>\u2022\tThe technical indicators that are used are the William Percent Range and <a href=\"http:\/\/www.forexyard.com\/en\/stochastic\">Slow Stochastic<\/a>.<\/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 Williams Percent Range has peaked near at the -100 marker, which means that there may actually be a strong level of upward pressure.<\/p>\n<p>USD\/CAD-4 Hour Chart<br \/>\n<img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/www.forexyard.com\/blog\/en\/wp-content\/uploads\/2011\/03\/USD-CAD-9-3-2011.JPG\" alt=\"USD-CAD 9-3-2011\" width=\"442\" height=\"502\" class=\"alignnone size-full wp-image-13615\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p> The USD has dropped significantly versus the CAD in the past few days, and it is currently traded around 0.9677. And now as evident in the data below, the 4-hour chart is giving bullish signals, indicating that USD\/CAD pair might go up. Forex traders &#8230;<\/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-21819","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/21819","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=21819"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/21819\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=21819"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=21819"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=21819"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}