$USDCAD Short Term Elliott Wave Analysis 01.14.2016

Short term Elliott Wave cycle suggests rally from wave (X) low at 1.38 is unfolding in a double three structure where wave W ended at 1.417, wave X ended at 1.406, and pair has resumed higher in wave Y towards 1.44 area. Near term, rally to 1.431 ended wave ((w)), wave ((x)) pullback is proposed complete at 1.418, and pair has resumed rally higher. While above 1.418, but more importantly as far as 1.406 pivot stays intact, expect the pair to resume rally towards 1.441 – 1.45 area.

1USDCAD 6020160113222127

At EWF we offer  24 hour coverage of 50 instruments from Monday – Friday using Elliott Wave Theory as primary tools of analysis. We provide Elliott Wave chart in 4 different time frames, up to 4 times a day update in 1 hour chart, two live sessions by our expert analysts, 24 hour chat room moderated by our expert analysts, market overview, and much more! With our expert team at your side to provide you with all the timely and accurate analysis, you will never be left in the dark and you can concentrate more on the actual trading and making profits. Check out our 14 day Free Trial to sample everything EWF has to offer!