A lot has been said and written about both the Democrat and Republican economic plans for a better economy. We believe in free enterprise and limited regulation, allowing humans to create and expand at their own will for the better but there is a vast difference between the two parties regarding the economic agenda. Most […]
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$USDCAD looking for 7th swing lower
Read MorePair is showing 5 swings down from 1.1195 peak which is not a diagonal and hence the structure / swing sequence is incomplete. We believe 6th swing is in place at 1.1117 and pair is trading lower in the 7th swings to complete the sequence. Drop from 1.1160 – 1.1034 was in 5 waves so […]
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$USDCAD in a double corrective structure
Read MoreUSDCAD is showing 5 swings down from 1.1195 peak with no RSI divergence which means sequence is incomplete. Therefore, we look for another low ideally to 1.1000 to complete 7 swings down from 1.1195 peak. Pair should see an upside reaction from the orange area (1.0965 – 1.1000) which can take it to new highs […]
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$GC_F (Gold) Wave 5 in progress
Read MorePreferred view suggests yellow metal is in wave 5 of ( C ) and after a B wave pull back toward 1332 – 1336, we should see further strength in wave C of 5 toward 1365 – 1370 region to complete wave (( B )) from where the decline should resume. We don’t like selling […]
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$USDCAD possible FLAT in 5 minute chart
Read MoreUSDCAD 5 min chart is showing a possible FLAT structure which is a 3-3-5 structure. We have 3 waves up from 1.1037 – 1.1082 and 3 waves down to 1.1033. After that we can count 5 waves up to 1.1110 level with divergence in RSI. As far as RSI divergence remains intact and price stays […]