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USDCAD

USDCAD 1.246 To Complete Bearish Trend

The current USDCAD structure hints at the formation of a large triple Ⓦ-Ⓧ-Ⓨ-Ⓧ-Ⓩ zigzag. The bearish wave Ⓩ forms an intermediate (A)-(B)-(C) zigzag. Impulse wave (A) and the bullish zigzag correction (B) are have ended, whereas impulse…

The Week Ahead: Extra Time

GBPCHF Struggles on No-Deal Prospect Trading the pound Sterling certainly is not for the faint-hearted these days. With only two weeks to go before the end of the transition period, London and Brussels are yet to clinch a deal.…

The Week Ahead: Risk Seeker

USDCAD Battered by Risk Rally Hopes of recovery have reached a new high bolstered by vaccine headlines, second reopening across Europe, and unwavering government aid. This bullish fever in risky assets continues to be detrimental to…

The Week Ahead: Take it or Leave it

GBPCHF Consolidates as Brexit Deadline Looms Pressure mounts as Brexit negotiations go into its crucial week. A deal must be reached by the end of November so the EU could pass it into legislation before the end of the transition…