{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/forexschoolonline.com\/usd-cad-is-in-a-sideways-trend-but-stuck-at-level-1-2722\/#BlogPosting","mainEntityOfPage":"https:\/\/forexschoolonline.com\/usd-cad-is-in-a-sideways-trend-but-stuck-at-level-1-2722\/","headline":"USD\/CAD Is in a Sideways Trend but Stuck at Level 1.2722","name":"USD\/CAD Is in a Sideways Trend but Stuck at Level 1.2722","description":"USD\/CAD Long-Term Analysis: BullishUSD\/CAD is in a downward correction but stuck at Level 1.2722. The currency pair is stuck in between the moving averages. The currency price is above the 50-day line moving average but below the 21-day line moving average. USD\/CAD will be compelled to a range-bound move if price is stuck between the […]","datePublished":"2022-03-04","dateModified":"2022-03-04","author":{"@type":"Person","@id":"https:\/\/forexschoolonline.com\/author\/jonfox\/#Person","name":"Johnathon Fox","url":"https:\/\/forexschoolonline.com\/author\/jonfox\/","identifier":1,"description":"Johnathon is a Forex and Futures trader with over ten years trading experience who also acts as a mentor and coach to thousands and has written for some of the biggest finance and trading sites in the world.","image":{"@type":"ImageObject","@id":"https:\/\/secure.gravatar.com\/avatar\/d0b589a007c132efe23124c05a02b68524844c0089401129bd50bc12ee59d3a9?s=96&d=monsterid&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/d0b589a007c132efe23124c05a02b68524844c0089401129bd50bc12ee59d3a9?s=96&d=monsterid&r=g","height":96,"width":96}},"publisher":{"@type":"Organization","name":"Forex School Online","logo":{"@type":"ImageObject","@id":"https:\/\/www.forexschoolonline.com\/\/wp-content\/uploads\/2018\/09\/FSO-Transparent-logo-gr.png","url":"https:\/\/www.forexschoolonline.com\/\/wp-content\/uploads\/2018\/09\/FSO-Transparent-logo-gr.png","width":240,"height":60}},"image":{"@type":"ImageObject","@id":"https:\/\/forexschoolonline.com\/wp-content\/uploads\/2022\/03\/USDCADDaily-Chart.png","url":"https:\/\/forexschoolonline.com\/wp-content\/uploads\/2022\/03\/USDCADDaily-Chart.png","height":539,"width":1052},"url":"https:\/\/forexschoolonline.com\/usd-cad-is-in-a-sideways-trend-but-stuck-at-level-1-2722\/","about":["FX Technical Analysis","Price Action Charts in Focus","USD\/CAD"],"wordCount":278,"keywords":["Price Analysis","USD\/CAD"],"articleBody":"USD\/CAD Long-Term Analysis: BullishUSD\/CAD is in a downward correction but stuck at Level 1.2722. The currency pair is stuck in between the moving averages. The currency price is above the 50-day line moving average but below the 21-day line moving average. USD\/CAD will be compelled to a range-bound move if price is stuck between the moving averages. However, if price breaks above the 21-day line moving average, the pair will resume an uptrend. On the other hand, if price breaks below the 50- day line moving average, the downtrend will resume. USD\/CAD is trading at level 1.2693 at the time of writing.USD\/CAD Indicator Analysis USD\/CAD is at level 49 of the Relative Strength Index for period 14. It indicates that there is a balance between supply and demand. The 21-day SMA and the 50-day SMA are sloping horizontally indicating the sideways trend. The pair is above the 50% range of the daily stochastic. The market is in bullish momentum.USD\/CAD – Daily ChartTechnical indicators: Major Resistance Levels \u2013 1.3300, 1.3400, 1.3500Major Support Levels \u2013 1.2300, 1.2200, 1.2100What Is the Next Direction for USD\/CAD?On the 4-hour chart, USD\/CAD is in a sideways trend but stuck at Level 1.2722. The pair is recovering from a recent downtrend. Meanwhile, on February 28 downtrend, a retraced candle body tested the 61.8% Fibonacci retracement level. The retracement suggests that the currency pair will fall to level 1.618 Fibonacci extension or level 1.2544. From the price action, USD\/CAD has reversed at level 1.2586.USD\/CAD \u2013 4 Hour ChartNote: Forexschoolonline.com is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results"}