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USDCAD

USDCAD Bullish Trend Ahead?

USDCAD has completed the construction of a triple zigzag that consists of sub-waves Ⓦ-Ⓧ-Ⓨ-Ⓧ-Ⓩ of the primary degree. The 1H timeframe shows the internal structure of the intermediate impulse (C). This completed the development of the…

The Week Ahead: Return of Risk Appetite

EURUSD climbs on improved sentiment The US dollar may continue to lag behind other major currencies as risk sentiment improves. Markets seem to have bought repeated assurances from the Fed that it will keep interest rates low, at…

USDCAD Bullish Trend Has Just Begun

The current USDCAD structure hints at the completion of a triple zigzag of the primary degree, consisting of sub-waves  Ⓦ-Ⓧ-Ⓨ-Ⓧ-Ⓩ. As prices move higher, the initial part of the bullish impulse is in formation. It is possible that the…