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USDCAD
USDCAD Primary Triple Zigzag Completed?
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…
USDCAD Intermediate Zigzag Completion Near 1.352
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 Completed AB=CD Pattern?
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…
USDCAD Zigzag Completion Eyes 1.3520
The current USDCAD structure hints at a triple zigzag consisting of sub-waves Ⓦ-Ⓧ-Ⓨ-Ⓧ-Ⓩ.
Waves Ⓦ-Ⓧ-Ⓨ are complete, whereas wave Ⓧ is under development.
Wave Ⓧ has a bullish zigzag structure and consists of intermediate sub-waves…
USDCAD Bearish Impulse Complete?
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 Bears Target 1.308 On Zig-Zag
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),…
USDCAD in Final or Penultimate Wave
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…
USDCAD Upside Part Of A 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…