We have 3 important news events for US Dollar on Friday 01.15.2016  at 8:30 AM EST/ 1:30 PM GMT (UK Time)  which are hopefully going to make some movements in the market. -Core Retail Sales -Producer Price Index (PPI) -Retail Sales These Fundamentals are released once a month ,  and they usually bring some volatility into USD […]

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 […]

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 FLAT ended at 1.406, and pair has resumed higher in wave Y towards 1.44 area. Near term, rally to 1.423 ended wave (a), and pair is in wave […]

Canada’s Economy In the first half of 2015, Canada slipped into technical recession, as defined by two consecutive quarters of negative GDP. Depressed oil prices in 2015 has caused significant pain to Canadian economy which is a net exporter of energy, and it has also caused the weakening of Canadian dollar, which is down 10% […]

Short term Elliott Wave cycle suggests decline to 86.35 ended wave 3. From this level, wave 4 bounce is unfolding as a double three where wave ((w)) ended at 87.4, wave ((x)) ended at 86.36, and wave ((y)) of 4 is in progress towards 87.43 – 87.7 area before lower again. We don’t like buying the pair […]