{"id":39041,"date":"2013-12-11T07:31:47","date_gmt":"2013-12-11T12:31:47","guid":{"rendered":"http:\/\/countingpips.com\/?p=39041"},"modified":"2013-12-11T07:31:47","modified_gmt":"2013-12-11T12:31:47","slug":"usdcad-decline-bring-back-test-1-0500","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2013\/12\/11\/usdcad-decline-bring-back-test-1-0500\/","title":{"rendered":"USDCAD decline to bring back a test of 1.0500?"},"content":{"rendered":"

2013.12.11 | USDCAD Market Analysis<\/b><\/p>\n

USDCAD Trends & Major Market Levels<\/b><\/p>\n

The USDCAD currency pair has been falling in forex market trading today with the USDCAD registering a high of 1.06155 and reaching to a low of 1.05839 on the day. Over the longer term trend, the pair continues to be in an uptrend as seen on the daily chart by the 90-day Linear Regression Channels below while short-term trends data shows the pair is currently in a short-term downtrend with prices trading under the 21-period linear moving average.<\/p>\n

The USDCAD has turned lower after topping out last week at the 1.0700 area. Further decline below 1.0600 support will likely set up a test of the major 1.0500 level which will likely be seen as a buying support level after this level provided resistance (that was eventually overcome) in late October and in November.<\/p>\n

\"Forex<\/a><\/p>\n

\n

USDCAD Trends Data: Linear Regression Indicator<\/b><\/p>\n

10-day current trend is BULLISH <\/b>\/ Trend strength of 9.3 pips
\n30-day current trend is BULLISH <\/b>\/ Trend strength of 251.7 pips
\n60-day current trend is BULLISH <\/b>\/ Trend strength of 378.0 pips
\n90-day current trend is BULLISH <\/b>\/ Trend strength of 205.0 pips
\n180-day current trend is BULLISH <\/b>\/ Trend strength of 338.1 pips<\/p>\n

Fibonacci Retracement Levels: Past 100 Days<\/b><\/p>\n

— 0.000 – 1.07067
\n— 0.236 – 1.05826
\n— 0.382 – 1.05058
\n— 0.500 – 1.04438
\n— 0.618 – 1.03817
\n— 0.764 – 1.03049
\n— 1.000 – 1.01808<\/p>\n

 <\/p>\n

By CountingPips.com<\/b> – Forex Trading Apps & Currency Trade Tools<\/p>\n

Disclaimer: Foreign Currency trading <\/a>and trading on margin carries a high level of risk and volatility and can result in loss of part or all of your investment. All information and opinions contained do not constitute investment advice and accuracy of prices, charts, calculations cannot be guaranteed.<\/p>\n

 <\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

2013.12.11 | USDCAD Market Analysis USDCAD Trends & Major Market Levels The USDCAD currency pair has been falling in forex market trading today with the USDCAD registering a high of 1.06155 and reaching to a low of 1.05839 on the day. Over the longer term trend, the pair continues to be in an uptrend as … <\/p>\n

Continue reading “USDCAD decline to bring back a test of 1.0500?”<\/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-39041","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/39041","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=39041"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/39041\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=39041"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=39041"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=39041"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}