Preferred view is that a mid-term low has formed @ 0.8153 and completed wave (( B )) on the daily time frame. Short-term consolidation is taking the form of a triangle and is valid as far as price stays above 0.8327 low. As this level holds, a push higher toward 0.8400 – 0.8420 region is […]

Preferred view is that wave (( B )) low is in place at  0.8153 and pair has turned higher as expected. Short-term, expect a test of 0.8380 – 0.8398 region to complete wave A after which pair should pull back in wave B in 3, 7 or 11 swings and continue higher. We don’t like […]

USDCHF is showing an 11 swing structure down from 0.9157 January high when 0.8931 was 2nd wave (( x )). As far as price stays below this level or pivot at this level keeps holding, we like more downside in the pair toward 0.8642 – 0.8697 from where we should see a bigger recovery in […]

Pair 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 […]

USDCAD 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 […]

USDCAD 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 […]