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Forex

SPX500 5-wave Upside Part of Correction

The current SPX500 structure shows a completed impulse wave a. The cycle degree pattern is followed by a zigzag in wave b. Wave b consists of primary sub-waves Ⓐ, Ⓑ, Ⓒ. At the time of writing, only the primary waves Ⓐ and Ⓑ are complete.…

USDCAD Easing Towards 1.40

The Canadian dollar has recovered a good portion of its losses against its American counterpart since the March 19th, 2020, high at 1.4668. USDCAD has maintained a sell-the-rally bias since then. The bearish move towards 1.39 is now…