AB=CD formation to find buyers in USDCAD

Weekly:  Last week’s price action resulted in USDCAD trading to the lowest level in 5 weeks. However, we are assessed as being inside the large Descending Wedge formation that has an eventual bias to break to the upside. On a move through 1.3173 (trend of lower lows) the measured move target is near 1.4600. # note a move lower from 1.3148, the 1...

2018-04-16 Ian Coleman Read more
Elliott wave analysis 15-03-18

USD/CAD Elliott Wave Structure is possibly revealing a Flat Pattern which seems to align with the Fibonacci measurements approximately around the 1.310 Level. The big picture points towards the fact that USD/CAD has started a larger degree Correction labeled as Cycle Wave IV (green).   USD/CAD –Weekly Chart:   Elliot...

2018-03-15 Richard Tataru Read more