{"id":6414,"date":"2024-01-18T11:13:30","date_gmt":"2024-01-18T03:13:30","guid":{"rendered":"https:\/\/www.umtradings.com\/?p=6414"},"modified":"2024-02-05T02:35:10","modified_gmt":"2024-02-05T02:35:10","slug":"focus-on-usdcad-today-18th-january-2024","status":"publish","type":"post","link":"https:\/\/www.umtradings.com\/th\/focus-on-usdcad-today-18th-january-2024\/","title":{"rendered":"Focus on USD\/CAD Today \u2013 18th January 2024"},"content":{"rendered":"\n<h1 class=\"wp-block-heading has-black-color has-text-color\"><strong>Comprehensive USD\/CAD Analysis for January 18, 2024<\/strong><\/h1>\n\n\n\n<p class=\"wp-block-paragraph\">In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the USD\/CAD for 18th January 2024.\u00a0<\/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 Key Takeaways<\/strong><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong><a href=\"https:\/\/www.wsj.com\/economy\/central-banking\/canada-inflation-accelerates-to-3-4-in-december-291a1b98\" target=\"_blank\" rel=\"noopener nofollow\" title=\"Inflation of Canada\">Inflation of Canada<\/a><\/strong>: Canadian inflation accelerated in December, with a year-on-year increase of 3.4%, of which car prices were the main factor in inflation. Rising inflation means the Bank of Canada may maintain its hawkish stance next week.\u00a0<\/li>\n\n\n\n<li><strong><a href=\"https:\/\/think.ing.com\/articles\/bank-of-canada-retains-its-hawkish-bias\/\" target=\"_blank\" rel=\"noopener nofollow\" title=\"Attitude of the Bank of Canada\">Attitude of the Bank of Canada<\/a><\/strong>: Canadian inflation remains high, and the Canadian dollar has appreciated due to hawkish expectations. However, if the Bank of Canada makes any implicit interest rate cut next week, the Canadian dollar may depreciate again.\u00a0<\/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\u00a0<\/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\/2024\/01\/\u884c\u60c5\u5206\u6790-1-10.jpg\" alt=\"USD\/CAD Daily Chart Insights By Ultima Markets MT4\" class=\"wp-image-6415\" \/><\/figure>\n<\/div>\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Stochastic Oscillator<\/strong>: The indicator enters the overbought area and begins to consolidate, suggesting that the current bullish sentiment is beginning to slow down. Be wary of the indicator sending a short signal after the exchange rate encounters resistance.&nbsp;<\/li>\n\n\n\n<li><strong>Price Action<\/strong>: The price forms a doji bar after breaking through the 200-day moving average. Be wary that the market will form a bearish bar today, and the exchange rate will have a probability of reversing a downward 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><em>USD\/CAD <mark class=\"has-inline-color has-black-color\">1-hour Chart Analysis<\/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\/2024\/01\/\u884c\u60c5\u5206\u6790-2-10.jpg\" alt=\"USD\/CAD 1-hour Chart Analysis By Ultima Markets MT4\" class=\"wp-image-6416\" \/><\/figure>\n<\/div>\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Stochastic Oscillator<\/strong>: The indicator enters the oversold area, suggesting that the market may correct in the short term. Wait for the indicator to send out a short signal again and then focus on short selling opportunities.&nbsp;<\/li>\n\n\n\n<li><strong>Price Action<\/strong>: The price formed a clear top pattern, and then the exchange rate fell below the support price formed by the neckline and the red 33-period moving average. The short-term trend of the USDCAD is relatively clear, and the first target below is the black 65-period moving average.&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>Trading Central <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\/2024\/01\/\u884c\u60c5\u5206\u6790-3-10.jpg\" alt=\"Trading Central Pivot Indicator for USD\/CAD\" class=\"wp-image-6417\" \/><\/figure>\n<\/div>\n\n\n<ul class=\"wp-block-list\">\n<li>According to the trading central in <a href=\"https:\/\/www.umtradings.com\/trading\/trading-platforms\/app\/\" target=\"_blank\" rel=\"noopener\" title=\"Ultima Markets APP\"><strong>Ultima Markets APP<\/strong><\/a>, the central price of the day is established at 1.3525,\u00a0<\/li>\n\n\n\n<li><strong>Bullish Scenario<\/strong>: Bullish sentiment prevails above 1.3525, first target 1.3540, second target 1.3555;&nbsp;<\/li>\n\n\n\n<li><strong>Bearish Outlook<\/strong>: In a bearish scenario below 1.3525, first target 1.3490, second target 1.3470.&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\u00a0<\/strong><\/h2>\n\n\n\n\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Comprehensive USD\/CAD Analysis for January 18, 2024 In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the USD\/CAD for 18th January 2024.\u00a0 USD\/CAD Key Takeaways USD\/CAD Technical Analysis\u00a0 USD\/CAD Daily Chart Insights USD\/CAD 1-hour Chart Analysis Trading Central Pivot Indicator Conclusion\u00a0<\/p>\n","protected":false},"author":13,"featured_media":6759,"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":[6,61,11],"tags":[111,112],"class_list":["post-6414","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-analysis","category-market_outlook","category-technical-analysis","tag-bank-of-canada","tag-usdcad"],"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.umtradings.com\/th\/wp-json\/wp\/v2\/posts\/6414","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=6414"}],"version-history":[{"count":0,"href":"https:\/\/www.umtradings.com\/th\/wp-json\/wp\/v2\/posts\/6414\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.umtradings.com\/th\/wp-json\/wp\/v2\/media\/6759"}],"wp:attachment":[{"href":"https:\/\/www.umtradings.com\/th\/wp-json\/wp\/v2\/media?parent=6414"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.umtradings.com\/th\/wp-json\/wp\/v2\/categories?post=6414"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.umtradings.com\/th\/wp-json\/wp\/v2\/tags?post=6414"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}