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 […]

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 […]

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.