HomeContributorsTechnical AnalysisElliott Wave Analysis: USDCAD Intra-Day View

Elliott Wave Analysis: USDCAD Intra-Day View

Elliott Wave Financial Service
By Elliott Wave Financial Service

USDCAD is also seen in final stages of a corrective retracement, currently in subwave v of c), trading at 1.2660 resistance. A turn down from here in five waves back to 1.2510 will confirm a bearish turn for the pair. In fact, oil is also seen in a corrective set-back, so when uptrend will continue that’s when CAD may find buyers.

USDCAD, 1H

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