Rally from 91.74 – 94.26 was in 5 waves but subsequent drop toward 92.70 – 93.00 ( 50 – 61.8 fib) of the rally was quite strong which made us switch the view to FLAT wave ( B ) in yesterday’s update. While below 93.27, expect more downside in the pair and break to new […]

After completing wave (( b )) at 3.16 metal turned higher impulsively and looks to have completed wave ( a ) of (( c )) as a  5 wave move. Wave ( b ) proved to be shallow and metal is already trading higher in wave ( c ) toward 3.298 – 3.33 area to […]

Orange zone is where we expected wave A to end and was the area where traders holding long positions should have booked profits. Now that wave A high is in place, and there is a green box between 1.0523 – 1.0559, that acts as the next buying zone as far as the key pivot at […]

We take a look at 1 hour chart of USD/CAD pair in today’s chart of the day analysis. We will be doing a comparison to see how new chart is better than the old one and how it can help traders stay on right side of the market (avoid bad trades) Let’s take a look […]