{"id":37299,"date":"2020-11-18T11:11:58","date_gmt":"2020-11-18T07:11:58","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=37299"},"modified":"2020-11-18T11:12:00","modified_gmt":"2020-11-18T07:12:00","slug":"canadian-dollar-gradually-losing-ground","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/canadian-dollar-gradually-losing-ground\/11\/18\/tech-analysis\/","title":{"rendered":"Canadian Dollar: Gradually Losing Ground"},"content":{"rendered":"\n<p>The Canadian dollar made positive attempts targeting a retest of the pivotal resistance 1.3120, but was unable to breach it yet.<\/p>\n\n\n\n<p>Technically, by looking at the 240-minute chart, we find that the stochastic has started to provide negative signals as a result of entering the overbought phase.<\/p>\n\n\n\n<p>Consequently, we will maintain negative targeting a re-test of 1.3050 \/ 1.3060 as a first target, bearing in mind that breaking 1.3045 will facilitate the mission required to visit 1.3010.<\/p>\n\n\n\n<p>From the top, by returning to trading above 1.3120, it postpones the bullish chance but does not negate it, and we may witness a slight bullish tendency with the first target of 1.3180.<\/p>\n\n\n\n<p>Warning: There are important data on the Canadian calendar that may lead to price fluctuation.<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td><strong>S1:&nbsp;<strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong>1.3065<\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/td><td><strong>R1: <strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong>1.3120 &nbsp;&nbsp;<\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/td><\/tr><tr><td><strong>S2:<\/strong>&nbsp;<strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong>1.3015&nbsp;&nbsp;&nbsp;&nbsp;<\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/td><td><strong>R2:<\/strong>&nbsp;<strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong>1.3170 &nbsp;&nbsp;<\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/td><\/tr><tr><td><strong>S3:&nbsp;<strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong>1.2970&nbsp;&nbsp;&nbsp;<\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/td><td><strong>R3: <strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong><strong>1.3205 &nbsp;&nbsp;&nbsp;<\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Canadian dollar made positive attempts targeting a retest of the pivotal resistance 1.3120, but was unable to breach it yet. Technically, by looking at the 240-minute chart, we find that the stochastic has started to provide negative signals as a result of entering the overbought phase. Consequently, we will maintain negative targeting a re-test &hellip;<\/p>\n","protected":false},"author":9,"featured_media":37311,"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-37299","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\/37299","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=37299"}],"version-history":[{"count":2,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/37299\/revisions"}],"predecessor-version":[{"id":37315,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/37299\/revisions\/37315"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/37311"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=37299"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=37299"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=37299"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}