Fri, Apr 19, 2024 @ 08:25 GMT
Facebook Mail RSS Twitter
HomeContributorsTechnical AnalysisElliott Wave Analysis: USDCAD Update

Elliott Wave Analysis: USDCAD Update

Elliott Wave Financial Service
By Elliott Wave Financial Service

USDCAD is again at a new high as dollar remains strong and CAD weak because of declining oil prices. However, USDCAD is in a fifth wave rise so upside can be limited in the near future as a three wave correction may unfold in the near term.

USDCAD, 1h

Elliott Wave Financial Service
Elliott Wave Financial Servicehttp://www.ew-forecast.com/
Trading forex, futures or futures options carries a high level of risk, and may not be suitable for all investors. The possibility exists that you could lose some or all of your initial investment; therefore you should not invest money that you cannot afford to lose. Our website and the information provided here should not be relied upon as a substitute for extensive independent research before making your investment decisions.

Featured Analysis

Load more

Learn Forex Trading

ActionForex.com was set up back in 2004 with the aim to provide insightful analysis to forex traders, serving the trading community for over a decade. Empowering the individual traders was, is, and will always be our motto going forward.

Contact us: contact@actionforex.com

© ActionForex.com © 2024 All rights reserved.