In this technical blog, we will look at the past performance of the 1-hour Elliott Wave Charts of USDCAD. In which, the rally from 03 March 2022 low unfolded as an impulse sequence and showed a higher high sequence...
USDCAD is another instrument that has given us trading opportunity lately . Break of August 20th high made bullish sequence from the June 1st low. The price structure is suggesting further rally within that cycle. We recommended...
The Fed has indicated that they plan to continue to taper and start raising interest rates from near zero to curb the strongest inflation in four decades. A hawkish Fed, if followed through in action, may support...
$FXC Canadian Dollar Trust Elliott Wave & Long Term Cycles Firstly the FXC instrument inception date was 6/26/2006. The instrument tracks changes of the value of the Canadian dollar relative to the U.S. dollar. It increases in value...
Hello fellow traders. In this technical blog we’re going to take a quick look at the charts of USDCAD published in members area of the website. As our members know, USDCAD is showing lower low sequences in...
USDCAD broke above the top of the falling price channel on the daily chart and is now in the uptrend from 1.2993. Further rally would likely be seen in a couple of weeks and next target would...
On September 17 2020 I posted on social media Stocktwits/Twitter @AidanFX “USDCAD Will be looking for BUYS as long price stays above 1.3126.” The chart below was also posted September 17 2020 showing that bullish market patterns were visible...
USDCAD broke above the falling price channel on the daily chart, indicating that the downside movement from 1.4667 had completed at 1.2993 already. Further rally would likely be seen in a couple of weeks and next target...
No changed in our view, USDCAD remains in the downtrend from 1.4667, the price action from 1.2993 is likely consolidation for the downtrend. Resistance is located at the top of the falling price channel on the daily...
USDCAD remains in the downtrend from 1.4667, the bounce from 1.2993 is likely consolidation for the downtrend. As long as 1.3400 resistance holds, the downside movement could be expected to continue and next target would be at...
