USDCAD

The USDCAD hints at a triple zigzag of the primary degree, consisting of sub-waves Ⓦ-Ⓧ-Ⓨ-Ⓧ-Ⓩ. At the time of writing, a bullish trend shows the development of the initial part of an intermediate impulse. Waves (1) and (2) are fully…

The USDCAD structure shows a large triple zigzag of the primary degree, consisting of sub-waves Ⓦ-Ⓧ-Ⓨ-Ⓧ-Ⓩ. In September, the zigzag actionary wave Ⓨ was fully complete with intermediate sub-waves (A)-(B)-(C). Wave (A) is a 5-wave…

USDCAD floats above the 50% Fibonacci retracement of the 1.3717-1.2994 leg, at 1.3355. Sellers capped gains for now as prices seem settled around the round resistance of 1.34. Both the 100% extension of the AB=CD pattern and the…

The USDCAD shows that primary wave Ⓨ has completed with a standard zigzag. Currently, we are in the initial part of intervening wave Ⓧ of the primary degree. In the short term, we expect prices to rise in this wave near 1.341. At…

USDCAD hints at a bearish impulse wave Ⓒ consisting of waves (1)-(2)-(3)-(4)-(5) of the intermediate degree. After completing the triangular corrective wave (4), we saw a smooth decline in the impulse (5). As part of the impulse (5),…

The USDCAD structure hints at a bearish impulse consisting of intermediate waves (1)-(2)-(3)-(4)-(5). The impulse is part of a primary degree Ⓐ-Ⓑ-Ⓒ zigzag. At the time of writing, waves (1)-(2)-(3)-(4) are fully complete. The correction…

The current USDCAD cycle suggests that we are in the final part of a bearish zigzag Ⓐ-Ⓑ-Ⓒ. Wave Ⓒ consists of intermediate sub-waves (1)-(2)-(3)-(4)-(5). Four parts of the 5-wave impulse have completed, whereas the fifth and final wave…