{"id":35641,"date":"2020-10-19T11:21:47","date_gmt":"2020-10-19T07:21:47","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=35641"},"modified":"2020-10-19T11:21:51","modified_gmt":"2020-10-19T07:21:51","slug":"canadian-dollar-tends-toward-the-negative","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/canadian-dollar-tends-toward-the-negative\/10\/19\/tech-analysis\/","title":{"rendered":"Canadian Dollar Tends Toward The Negative"},"content":{"rendered":"\n<p>We stood neutral in the previous analysis due to the contradictory technical signals. The pair started the first weekly trading with a bearish bias.<\/p>\n\n\n\n<p>From a technical point of view, looking at the 4-hour chart, we find a bearish technical structure that supports the continuation of the decline, with the RSI stable below the midline of 50 on short intervals.<\/p>\n\n\n\n<p>We think that there is a possibility of a bearish bias during today&#8217;s session, with an initial target of 1.3160, then 1.3130. The price behavior should be monitored around the aforementioned level, because breaking it extends losses towards 1.3090.<\/p>\n\n\n\n<p>From the top, the return of stability above 1.3230 is capable of negating the bearish scenario and leading the pair to a new bullish path, with an initial target of 1.3270.<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td><strong>S1:&nbsp;<strong><strong><strong><strong><strong><strong>1.3160<\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/td><td><strong>R1: <strong><strong><strong><strong><strong><strong><strong>1.3230 &nbsp;&nbsp;<\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/td><\/tr><tr><td><strong>S2:<\/strong>&nbsp;<strong><strong><strong><strong><strong><strong><strong><strong>1.3130&nbsp;&nbsp;&nbsp;&nbsp;<\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/td><td><strong>R2:<\/strong>&nbsp;<strong><strong><strong><strong><strong><strong><strong><strong>1.3270 &nbsp;&nbsp;<\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/td><\/tr><tr><td><strong>S3:&nbsp;<strong><strong><strong><strong><strong><strong><strong>1.3090&nbsp;&nbsp;&nbsp;<\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/td><td><strong>R3: <strong><strong><strong><strong><strong><strong><strong>1.3305 &nbsp;&nbsp;&nbsp;<\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/td><\/tr><\/tbody><\/table><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>We stood neutral in the previous analysis due to the contradictory technical signals. The pair started the first weekly trading with a bearish bias. From a technical point of view, looking at the 4-hour chart, we find a bearish technical structure that supports the continuation of the decline, with the RSI stable below the midline &hellip;<\/p>\n","protected":false},"author":9,"featured_media":35653,"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":[7222,6889,7228,6877,7227],"class_list":["post-35641","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-daily-tech-analysis","category-tech-analysis","tag-analysis","tag-cad","tag-canadian","tag-dollar","tag-technical"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/35641","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=35641"}],"version-history":[{"count":2,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/35641\/revisions"}],"predecessor-version":[{"id":35663,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/35641\/revisions\/35663"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/35653"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=35641"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=35641"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=35641"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}