{"id":39149,"date":"2013-12-17T07:13:28","date_gmt":"2013-12-17T12:13:28","guid":{"rendered":"http:\/\/countingpips.com\/?p=39149"},"modified":"2013-12-17T07:13:28","modified_gmt":"2013-12-17T12:13:28","slug":"usdcad-continues-downward-action-1-0500-level-test-coming","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2013\/12\/17\/usdcad-continues-downward-action-1-0500-level-test-coming\/","title":{"rendered":"USDCAD continues downward action, 1.0500 level test coming?"},"content":{"rendered":"

2013.12.17 | 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 1.05953 and reaching to a low of 1.05748 on the day. Trends data shows the pair is currently in a short-term downtrend with prices trading under the 21-period linear moving average. 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.<\/p>\n

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

The USDCAD has been on the decline after reaching the 1.0700 level a few times last week. The 1.0550 and then the major 1.0500 levels are looming as the next major targets for prices to the downside while the closest upside obstacle is the 1.0600 round number.<\/p>\n

\n

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

10-day current trend is BEARISH <\/b>\/ Trend strength of -93.7 pips
\n30-day current trend is BULLISH <\/b>\/ Trend strength of 228.6 pips
\n60-day current trend is BULLISH <\/b>\/ Trend strength of 370.0 pips
\n90-day current trend is BULLISH <\/b>\/ Trend strength of 225.1 pips
\n180-day current trend is BULLISH <\/b>\/ Trend strength of 342.8 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<\/a> & Currency Trade Tools<\/p>\n

 <\/p>\n

Disclaimer: Foreign Currency trading 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":"

2013.12.17 | 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 1.05953 and reaching to a low of 1.05748 on the day. Trends data shows the pair is currently in a short-term downtrend with prices trading … <\/p>\n

Continue reading “USDCAD continues downward action, 1.0500 level test coming?”<\/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-39149","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/39149","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=39149"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/39149\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=39149"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=39149"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=39149"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}