{"id":65632,"date":"2022-05-18T21:09:00","date_gmt":"2022-05-18T17:09:00","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=65632"},"modified":"2022-05-18T22:44:48","modified_gmt":"2022-05-18T18:44:48","slug":"usd-cad-price-at-a-critical-support-structure-and-eying-1-2950","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/usd-cad-price-at-a-critical-support-structure-and-eying-1-2950\/05\/18\/market-updates\/","title":{"rendered":"USD\/CAD price at a critical support structure and eying 1.2950"},"content":{"rendered":"\n<p>USD\/CAD started to stall on the offer and bulls could be moving in for a run towards old support near a 50% mean reversion of the bearish impulse on the daily chart located at 1.2936. <br><br>The M-formation is a reversion pattern that typically results in a retest of the neckline as illustrated in the following analysis of the daily chart Beyond the 50% mean reversion and neckline of the M-formation, the 61.8% Fibonacci aligns with the base of the neckline for a deeper target near 1.2970. As an approximate mean of the two ratio targets, the psychological round1.2950 number could be an important figure for the forthcoming sessions.<br><br>USD\/CAD is accumulating across a support structure on the hourly chart and a break of 1.2860 and then 1.2880 should open the way towards the 50% and 61.8% ratios for the bulls. <br><\/p>\n","protected":false},"excerpt":{"rendered":"<p>USD\/CAD started to stall on the offer and bulls could be moving in for a run towards old support near a 50% mean reversion of the bearish impulse on the daily chart located at 1.2936. The M-formation is a reversion pattern that typically results in a retest of the neckline as illustrated in the following &hellip;<\/p>\n","protected":false},"author":13,"featured_media":61177,"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":[37,36],"tags":[7015],"class_list":["post-65632","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-forex-markets","category-market-updates","tag-usd-cad"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/65632","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\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=65632"}],"version-history":[{"count":2,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/65632\/revisions"}],"predecessor-version":[{"id":65636,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/65632\/revisions\/65636"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/61177"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=65632"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=65632"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=65632"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}