USDCAD

Price action on USDCAD suggests that we are trading within the last primary wave Ⓒ of a simple correction. Wave Ⓒ consists of five intermediate sub-waves (1)-(2)-(3)-(4)-(5). With wave (3) completed a few weeks ago, we are now running… Read More

The current USDCAD structure hints at a standard bullish zigzag Ⓐ-Ⓑ-Ⓒ. Waves Ⓐ and Ⓑ have completed their course, whereas wave Ⓒ has a little more room to conclude its impulsive 5-wave move. At the time of writing, the bearish… Read More

USDCAD seems to be forming a large bullish impulse wave Ⓒ, which is based on five intermediate sub-waves (1)-(2)-(3)-(4)-(5). The current structure suggests that we are in a corrective wave (4) and perhaps this wave has not yet completed… Read More

GBPJPY Rebounds Amid Economic Concerns The pound sterling went into a stiff sell-off as Britain grapples with its colossal public health crisis. As the economy is coming to a virtual halt amid the COVID-19 outbreak, the Bank of England cut… Read More

The current bearish structure suggests that the bullish formation in the intervening cycle wave x is completed. As part of a triple complex correction, the downside pattern should consist of primary sub-waves Ⓦ-Ⓧ-Ⓨ. The bearing zigzag… Read More

The current structure hints to a completed triple zigzag pattern consisting of waves w-x-y-x-z. Since its conclusion at 1.2960, the cycle degree correction triggered some sizeable longs. This initiated the primary impulse wave Ⓐ. With… Read More