The combination of commodity selloff, prospect for more U.S. Dollar interest rate hikes, and Emerging Market capital outflow has put pressure in risky assets to start 2016. In this environment, USD performance is mixed: rising against commodity-linked and Emerging Market currencies, but not doing as well against Developed Market surplus currencies. Current dynamics in fact […]

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 or higher. Near term, rally to 1.431 ended wave ((w)), wave ((x)) pullback ended […]

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 […]

Global Market Selloff Global Indices sold off strongly to start 2016 in a risk off sentiment. Shanghai Composite Index led the global index selloff with the catalyst being the PBOC (People’s Bank of China) setting a much weaker than expected Yuan fixing from 6.49 to 6.56 through Thursday in the first week of 2016. Below is the weekly market performance […]

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 […]

Here is a quick look at the areas that we highlighted for buying USDCAD in Daily Elliott wave setups video from 1/10. USDCAD found buyers in 1.4112 – 1.4096 area and turned higher. Plus members should be long and have a risk free trade with the pair. To find out precise targets and to get access to our […]