{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/forexschoolonline.com\/usd-cad-shows-bullish-signals-as-sellers-threaten-to-short\/#BlogPosting","mainEntityOfPage":"https:\/\/forexschoolonline.com\/usd-cad-shows-bullish-signals-as-sellers-threaten-to-short\/","headline":"USD\/CAD Shows Bullish Signals as Sellers Threaten to Short","name":"USD\/CAD Shows Bullish Signals as Sellers Threaten to Short","description":"USD\/CAD Long-Term Analysis: BearishUSD\/CAD has fallen to the low of 1.2125. On March 22 downtrend,a retraced candlestick tested the 38.2% Fibonacci retracement level. This retracement indicates that the pair will reach the low of level 2.618 Fibonacci extension or the low of level 1.1769.USD\/CAD Indicator Analysis USD\/CAD has fallen to level 24 of the Relative […]","datePublished":"2021-05-10","dateModified":"2021-05-10","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\/2021\/05\/USDCAD-cryptosignals.png","url":"https:\/\/forexschoolonline.com\/wp-content\/uploads\/2021\/05\/USDCAD-cryptosignals.png","height":603,"width":914},"url":"https:\/\/forexschoolonline.com\/usd-cad-shows-bullish-signals-as-sellers-threaten-to-short\/","about":["Article","Trade Idea"],"wordCount":186,"keywords":["Price Analysis","USD\/CAD"],"articleBody":"USD\/CAD Long-Term Analysis: BearishUSD\/CAD has fallen to the low of 1.2125. On March 22 downtrend,a retraced candlestick tested the 38.2% Fibonacci retracement level. This retracement indicates that the pair will reach the low of level 2.618 Fibonacci extension or the low of level 1.1769.USD\/CAD Indicator Analysis USD\/CAD has fallen to level 24 of the Relative Strength Index period 14. It indicates that the pair has reached the oversold region of the market. The 21-day and 50-day SMAs are sloping downward indicating the downtrend.USD\/CAD – Daily CHartTechnical indicators: Major Resistance Levels \u2013 1.3300, 1.3400, 1.3500Major Support Levels \u2013 1.2100, 1.2000, 1.1900USD\/CAD – 4 Hour ChartWhat Is the Next Direction for USD\/CAD?USD\/CAD is still in a downward move as a result of the rejection at level 1.2600. The pair will continue the downtrend as the price bars are below the moving averages. According to the Fibonacci tool the downtrend will extend to level 2.618 Fibonacci extension or the low of 1.1769.Note: 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"}