{"id":39203,"date":"2013-12-19T07:31:26","date_gmt":"2013-12-19T12:31:26","guid":{"rendered":"http:\/\/countingpips.com\/?p=39203"},"modified":"2013-12-19T07:31:26","modified_gmt":"2013-12-19T12:31:26","slug":"usdcad-daily-forex-trend-boosted-fed-tapering-decision","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2013\/12\/19\/usdcad-daily-forex-trend-boosted-fed-tapering-decision\/","title":{"rendered":"USDCAD Daily Forex Trend boosted by Fed Tapering Decision"},"content":{"rendered":"

2013.12.19 | USDCAD Market Analysis<\/b><\/p>\n

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

The USDCAD currency pair has been gaining ground in forex market trading today with the USDCAD registering a high of 1.07264 and reaching to a low of 1.06926 on the day. Trends data shows the pair is currently in a short-term uptrend with prices trading over 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. The USDCAD pair was boosted in Wednesday’s trading following the US Fed announcement to taper their stimulus program. Look for the 1.0700 level to provide a strong support and resistance area going forward.<\/p>\n

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

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

10-day current trend is BULLISH <\/b>\/ Trend strength of 46.3 pips
\n30-day current trend is BULLISH <\/b>\/ Trend strength of 247.5 pips
\n60-day current trend is BULLISH <\/b>\/ Trend strength of 390.7 pips
\n90-day current trend is BULLISH <\/b>\/ Trend strength of 249.2 pips
\n180-day current trend is BULLISH <\/b>\/ Trend strength of 351.9 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

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

2013.12.19 | USDCAD Market Analysis USDCAD Trends & Major Market Levels The USDCAD currency pair has been gaining ground in forex market trading today with the USDCAD registering a high of 1.07264 and reaching to a low of 1.06926 on the day. Trends data shows the pair is currently in a short-term uptrend with prices … <\/p>\n

Continue reading “USDCAD Daily Forex Trend boosted by Fed Tapering Decision”<\/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-39203","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/39203","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=39203"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/39203\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=39203"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=39203"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=39203"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}