USDCAD Technical Analysis The USDCAD pair since end of 2018 has been moving lower. The July 2019 low confirmed a lower low/lower high sequence. The possibility of the pair continuing the trend lower was visible but traders needed to wait on other signals/patterns to add more confirmation. In the charts below, clear bearish market patterns […]
USDCAD Forecasting The Rally From The Blue Box
In this technical blog we’re going to take a quick look at the Elliott Wave charts of USDCAD published in members area of the elliottwave-forecast . As our members know, USDCAD ended cycle from the 1.30122 low as 5 waves structure. We got 3 waves pull back , when the price reached Equal Legs – […]
USDCAD : Possible Breakout Higher?
USDCAD Technical Analysis February 14/2019 USDCAD BUY/LONG Trade Setup: USDCAD is forming a bullish inverted Head and Shoulders market breakout pattern. Price has already broke above the neck line which can be a signal that possibly more bulls will be entering LONGS and will start pushing the pair higher. Traders should watch for a good […]
Elliott Wave Analysis: Impulse Move Suggests More Downside in USDCAD
Short term Elliott Wave view in USDCAD shows that the decline from 12/31/2018 high (1.3669) is unfolding as a 5 waves impulse Elliott Wave structure. Down from 1.3669, Wave 1 ended at 1.3563, wave 2 ended at 1.3662, wave 3 ended at 1.3263, and wave 4 ended at 1.3323. We can see a momentum divergence […]
USDCAD Buying The Elliott Wave Dips
In this technical blog, we are going to take a look at the past performance of USDCAD, 1 hour Elliott Wave charts that we presented to our clients. We are going to explain the structure and the forecast below. USDCAD 1 Hour Elliott Wave Chart From 12/06/2018 Above is the 1 hour Chart from 12/06/2018 Asia update, […]
Elliott Wave View Supporting Further Strength in USDCAD
USDCAD has broken above 11/29/2018 high (1.336) as well as above 6/27/2018 high (1.3386) creating incomplete bullish sequence. Short term Elliott Wave view suggests the rally to 1.336 on 11/29 ended Intermediate wave (W) and the pullback to 1.3157 ended Intermediate wave (X). Internal of Intermediate wave (X) unfolded as a zigzag Elliott Wave structure […]
