USDCAD

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

The current structure on USDCAD hints to a complex formation consisting of primary waves Ⓦ -Ⓧ  and Ⓨ, whereⓎ itself is a double zigzag of an intermediate degree. Waves (W) and (X) of the abovementioned pattern are fully complete,… Read More

USDCAD Hangs on BoC, NFP The pair will be under the spotlight as major data come in from both sides. The Bank of Canada is expected to leave the interest rates unchanged. However, optimistic guidance could give the Canadian dollar firm… Read More

USDCAD seems to be forming a cycle degree wave (x), consisting of primary waves Ⓦ, Ⓧ and Ⓨ. Waves Ⓦ and Ⓧ are completed, whereas Ⓨ is still under development. Since wave Ⓨ is only formed halfway through up the time of writing in the… Read More

The current USDCAD cycle suggests that we are in the final part of a triple zigzag pattern w-x-y-x-z.  Wave z of this triple zigzag, which consists of primary sub-waves Ⓐ -Ⓑ -Ⓒ, is under development as we write.  Waves Ⓐ and Ⓑ of the… Read More