{"id":34924,"date":"2020-10-05T12:53:17","date_gmt":"2020-10-05T08:53:17","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=34924"},"modified":"2020-10-05T13:51:01","modified_gmt":"2020-10-05T09:51:01","slug":"canadian-dollar-is-struggling-to-come-out-of-negativity","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/canadian-dollar-is-struggling-to-come-out-of-negativity\/10\/05\/tech-analysis\/","title":{"rendered":"Canadian Dollar is Struggling to Come Out of Negativity"},"content":{"rendered":"\n<p>The Canadian dollar opened the week in negative trading, after failing to hold above the support level of the ascending channel 1.3360\/1.3350.<\/p>\n\n\n\n<p>Technically speaking, by looking at a 4-hour chart, we find that Stochastic is defending the bearish bias as the pair begins to respond to the negative signals coming from the RSI.<\/p>\n\n\n\n<p>We might see the downside trend, with an initial target of around 1.3250, then 1.3210, and it might extend to 1.3190.<\/p>\n\n\n\n<p>The rise again above 1.3310 only; delays the chances of a reversal and gives the pair some momentum to target 1.3350, then 1.3380.<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td><strong>S1:\u00a0<strong>1.3255<\/strong><\/strong><\/td><td><strong>R1: <strong>1.3310 \u00a0\u00a0<\/strong><\/strong><\/td><\/tr><tr><td><strong>S2:<\/strong>\u00a0<strong><strong>1.3190\u00a0\u00a0\u00a0\u00a0<\/strong><\/strong><\/td><td><strong>R2:<\/strong>\u00a0<strong><strong>1.3350 \u00a0\u00a0<\/strong><\/strong><\/td><\/tr><tr><td><strong>S3:\u00a0<strong>1.3165\u00a0<\/strong><\/strong><\/td><td><strong>R3: <strong>1.3380 \u00a0\u00a0\u00a0<\/strong><\/strong><\/td><\/tr><\/tbody><\/table><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>The Canadian dollar opened the week in negative trading, after failing to hold above the support level of the ascending channel 1.3360\/1.3350. Technically speaking, by looking at a 4-hour chart, we find that Stochastic is defending the bearish bias as the pair begins to respond to the negative signals coming from the RSI. We might &hellip;<\/p>\n","protected":false},"author":9,"featured_media":34925,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[42,41],"tags":[7222,6889,6877],"class_list":["post-34924","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-daily-tech-analysis","category-tech-analysis","tag-analysis","tag-cad","tag-dollar"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/34924","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=34924"}],"version-history":[{"count":2,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/34924\/revisions"}],"predecessor-version":[{"id":34944,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/34924\/revisions\/34944"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/34925"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=34924"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=34924"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=34924"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}