{"id":5775,"date":"2023-11-23T13:32:43","date_gmt":"2023-11-23T05:32:43","guid":{"rendered":"https:\/\/www.umtradings.com\/?p=5775"},"modified":"2023-11-23T13:32:43","modified_gmt":"2023-11-23T05:32:43","slug":"focus-on-usdcad-today-23rd-november-2023","status":"publish","type":"post","link":"https:\/\/www.umtradings.com\/th\/focus-on-usdcad-today-23rd-november-2023\/","title":{"rendered":"Focus on USD\/CAD Today \u2013 23rd November 2023"},"content":{"rendered":"<div class=\"wp-block-post-date has-text-color has-black-color has-medium-font-size\"><a href=\"https:\/\/www.umtradings.com\/th\/focus-on-usdcad-today-23rd-november-2023\/\"><time datetime=\"2023-11-23T13:32:43+00:00\">November 23, 2023<\/time><\/a><\/div>\n\n\n<div style=\"color:#ddd\" class=\"wp-block-genesis-blocks-gb-spacer gb-block-spacer gb-divider-solid gb-divider-size-1\"><hr style=\"height:30px\" \/><\/div>\n\n\n\n<h1 class=\"wp-block-heading has-black-color has-text-color\"><strong>Comprehensive USD\/CAD Analysis for November 23, 2023<\/strong><\/h1>\n\n\n\n<p class=\"has-medium-font-size wp-block-paragraph\">In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the USD\/CAD for 23rd November 2023.&nbsp;<\/p>\n\n\n\n<div style=\"color:#ddd\" class=\"wp-block-genesis-blocks-gb-spacer gb-block-spacer gb-divider-solid gb-divider-size-1\"><hr style=\"height:30px\" \/><\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>USD\/CAD Analysis Key Takeaways<\/strong><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li class=\"has-medium-font-size\"><strong><a href=\"https:\/\/www.reuters.com\/markets\/us\/us-weekly-jobless-claims-unexpectedly-fall-2023-09-21\/\" target=\"_blank\" rel=\"noopener nofollow\" title=\"Market expectations needs to be adjusted\">Market expectations needs to be adjusted<\/a><\/strong>: Yesterday, US data showed that the number of initial jobless claims fell sharply last week, the largest drop since June. At the same time, US inflation expectations for the next one-year period rose to 4.5%. The polarization in employment data and inflation expectations indicates that the Fed may not cut interest rates as early as previously predicted.&nbsp;<\/li>\n\n\n\n<li class=\"has-medium-font-size\"><strong><a href=\"https:\/\/www.reuters.com\/business\/energy\/oil-prices-little-changed-ahead-us-stocks-data-potential-opec-cuts-2023-11-22\/\" target=\"_blank\" rel=\"noopener nofollow\" title=\"Crude oil prices fell\">Crude oil prices fell<\/a><\/strong>: Crude oil prices are still in a downward trend. The OPEC meeting originally scheduled for this weekend was postponed, further weakening market expectations for crude oil production cuts.&nbsp;<\/li>\n<\/ul>\n\n\n\n<div style=\"color:#ddd\" class=\"wp-block-genesis-blocks-gb-spacer gb-block-spacer gb-divider-solid gb-divider-size-1\"><hr style=\"height:30px\" \/><\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>USD\/CAD Technical Analysis&nbsp;<\/strong><\/h2>\n\n\n\n<h3 class=\"wp-block-heading has-text-align-center has-black-color has-text-color\"><strong><em>USD\/CAD <mark class=\"has-inline-color has-black-color\">Daily Chart Insights<\/mark><\/em><\/strong><\/h3>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img decoding=\"async\" src=\"https:\/\/www.umtradings.com\/wp-content\/uploads\/2023\/11\/1-14.png\" alt=\"USD\/CAD Daily Chart Insights By Ultima Markets MT4\n\" class=\"wp-image-5776\" \/><\/figure>\n<\/div>\n\n\n<ul class=\"wp-block-list\">\n<li class=\"has-medium-font-size\"><strong>Stochastic Oscillator<\/strong>: The indicator gave a clear short signal yesterday, suggesting that today&#8217;s intraday trend may be mainly downward.&nbsp;<\/li>\n\n\n\n<li class=\"has-medium-font-size\"><strong>Resistance price<\/strong>: The red 65-day moving average and the upward trend line jointly form the resistance area. If the market cannot effectively fall and break through, there will still be a possibility of rebounding and rising.&nbsp;<\/li>\n\n\n\n<li class=\"has-medium-font-size\"><strong>Price Action<\/strong>: Yesterday, under the pressure of the 5-day and 33-day moving averages, the exchange rate formed a pin bar, implying that shorts have the upper hand, and bulls need to break through yesterday&#8217;s high of 1.37658 if they want to clarify the trend.&nbsp;<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading has-text-align-center has-black-color has-text-color\"><strong><mark class=\"has-inline-color has-black-color\"><em>USD\/CAD 1-hour Chart Analysis<\/em><\/mark><\/strong><\/h3>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img decoding=\"async\" src=\"https:\/\/www.umtradings.com\/wp-content\/uploads\/2023\/11\/2-16.png\" alt=\"USD\/CAD 1-hour Chart Analysis By Ultima Markets MT4\" class=\"wp-image-5777\" \/><\/figure>\n<\/div>\n\n\n<ul class=\"wp-block-list\">\n<li class=\"has-medium-font-size\"><strong>Stochastic oscillator<\/strong>: The indicator in the 1-hour period has entered oversold, and the market has a certain probability of consolidation. For short opportunities, you need to wait for the indicator to send out a short signal again before paying attention.&nbsp;<\/li>\n\n\n\n<li class=\"has-medium-font-size\"><strong>Convergent triangle<\/strong>: The overall trend of market prices has actually formed a convergent triangle structure. But there are two ways to analyze, and both ways also lead to two resistance intervals (black horizontal lines) above and below. A breakthrough in either direction represents the destruction of the triangle structure and the trend direction will be clear.&nbsp;<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading has-text-align-center has-black-color has-text-color\"><strong><em>Ultima Markets MT4 <mark class=\"has-inline-color has-black-color\">Pivot Indicator<\/mark><\/em><\/strong><\/h3>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img decoding=\"async\" src=\"https:\/\/www.umtradings.com\/wp-content\/uploads\/2023\/11\/3-11.png\" alt=\"Ultima Markets MT4 Pivot Indicator For USD\/CAD\n\" class=\"wp-image-5778\" \/><\/figure>\n<\/div>\n\n\n<ul class=\"wp-block-list\">\n<li class=\"has-medium-font-size\">According to the pivot indicator in <a href=\"https:\/\/www.umtradings.com\/trading\/trading-platforms\/mt4\/\" target=\"_blank\" rel=\"noopener nofollow\" title=\"Ultima Markets MT4\">Ultima Markets MT4<\/a>, the central price of the day is established at 1.37126,&nbsp;<\/li>\n\n\n\n<li class=\"has-medium-font-size\"><strong>Bullish Scenario<\/strong>: Bullish sentiment prevails above 1.37126, first target 1.37393, second target 1.37924;&nbsp;<\/li>\n\n\n\n<li class=\"has-medium-font-size\"><strong>Bearish Outlook<\/strong>: In a bearish scenario below 1.37126, first target 1.36598, second target 1.36331.&nbsp;<\/li>\n<\/ul>\n\n\n\n<div style=\"color:#ddd\" class=\"wp-block-genesis-blocks-gb-spacer gb-block-spacer gb-divider-solid gb-divider-size-1\"><hr style=\"height:30px\" \/><\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Conclusion&nbsp;<\/strong><\/h2>\n\n\n\n\n","protected":false},"excerpt":{"rendered":"<p>Comprehensive USD\/CAD Analysis for November 23, 2023 In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the USD\/CAD for 23rd November 2023.&nbsp; USD\/CAD Analysis Key Takeaways USD\/CAD Technical Analysis&nbsp; USD\/CAD Daily Chart Insights USD\/CAD 1-hour Chart Analysis Ultima Markets MT4 Pivot Indicator Conclusion&nbsp;<\/p>\n","protected":false},"author":13,"featured_media":5779,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":[],"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[6,11],"tags":[49,112],"class_list":["post-5775","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-analysis","category-technical-analysis","tag-opec","tag-usdcad"],"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.umtradings.com\/th\/wp-json\/wp\/v2\/posts\/5775","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.umtradings.com\/th\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.umtradings.com\/th\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.umtradings.com\/th\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/www.umtradings.com\/th\/wp-json\/wp\/v2\/comments?post=5775"}],"version-history":[{"count":0,"href":"https:\/\/www.umtradings.com\/th\/wp-json\/wp\/v2\/posts\/5775\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.umtradings.com\/th\/wp-json\/wp\/v2\/media?parent=5775"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.umtradings.com\/th\/wp-json\/wp\/v2\/categories?post=5775"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.umtradings.com\/th\/wp-json\/wp\/v2\/tags?post=5775"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}