HomeContributorsTechnical AnalysisUSDCAD Undergoing A Reversal

USDCAD Undergoing A Reversal

Elliott Wave Financial Service
By Elliott Wave Financial Service

USDCAD made a sharp and swift move to the downside two weeks back after an ending diagonal formation in wave 5) that confirmed a top near 1.3790. A nice drop is now in play, currently in third wave of a decline that can be wave 3 or C, but in both cases there is room for 1.3525.

USDCAD, 4H

Start Trading
Start Trading
Start Trading
Start Trading

Get daily and weekly ActionForex analysis and key releases on our Telegram channel.

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.

Latest Analysis

Load more

Learn Forex Trading