Capital Trust
Capital Trust

Dec 09, 2016

08:52 PM EDT

  • New York close
  • London close
  • Tokyo open
  • Sydney open
Market Analysis

Home » Technical Analysis » USDCAD Could Bounce From The Lows

USDCAD Could Bounce From The Lows

Posted by ewforecast in Technical Analysis - May 6th, 2015 3:04 pm GMT


USDCAD 4h Elliott Wave Anlaysis

On USDCAD we were tracking wave C) as part of a contra-trend move in wave (4). That said, we are still looking on the bullish side of the USDCAD, especially now when we see the pair reversing from the lows, after wave 5. The pair turned nicely, but still needs a breakout above the former swing highs before we can completely confirm the end of a bearish trend. At the same time keep an eye on crude oil; a reversal down will support USDCAD.

Interested in our analysis? Get First 2 Month @ Price of 1.

Share!Share on FacebookTweet about this on TwitterShare on LinkedInShare on Google+

No comments yet.

You must be logged in to post a comment.

Forex, Commodities, Indices

Daily Updates

Daily Updates

Get the latest fundamental analyses, technical analyses and the most up-to-date Forex news catered to your interests, everyday.