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 […]

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 […]

Wave (( x )) has completed at 1.4673 and pair is currently in wave (( b)) of (( y )) which is expected to end between 1.4729 – 1.4746 before pair turns higher in wave (( c )) of (( y )). The hourly cycles are positive so we don’t like selling the pair and […]

Preferred view suggests wave (( x )) has completed at 1.4673 and while above this level, expect more upside toward 1.4924 – 1.4983.   Hourly cycles are positive so we don’t like selling the pair in proposed wave ( b ) and like more upside toward 1.4926 – 1.4896 area.

Wave B completed as a triangle and after completing wave (( a )) at 101.91, pair is in wave (( b )) pull back which can reach as low as 100.88 before the rally resumes toward 102.75 (equal legs).. We don’t recommend selling the pair in any degree and like buying dips in 3, 7 […]