Short term Elliott Wave view in USDCAD suggest the decline to 1.322 ended Intermediate wave (X). Revised view suggests that the rally from there is unfolding as a double three Elliott Wave structure where Minute wave ((w)) ended at 1.3525 and Minute...
The USD/CAD pair rally during the day on Tuesday, breaking above the 1.36 handle. This is a very bullish sign and now frees this market to reach much higher. If we can break above the top of...
USDCAD stays above a upward trend line on 4-hour chart, and remains in uptrend from 1.3223. As long as the pair is above the trend line, the uptrend could be expected to continue, and next target would...
Short term Elliott Wave view in USDCAD suggest the decline to 1.322 ended Intermediate wave (X). Up from there, the pair is showing 5 waves impulse structure where Minutte wave (i) ended at 1.3338, Minutte wave (ii) ended at 1.3258, Minutte wave (iii) ended...
The USD/CAD pair initially fell during the day on Monday, but turned around to form a hammer like candle. As oil sold off, the Canadian dollar of course did as well. That being the case, looks as...
USDCAD moved above 1.3535 resistance and reached as high as 1.3560. Further rise is still possible and next target would be at 1.3600 area. Near term support is at the ascending trend line on 4-hour chart, as...
Short term Elliott wave view in USDCAD suggest that the cycle from 4/13 low (1.3218) is unfolding as an impulsive Elliott wave structure . This 5 wave move could be wave ((a )) of an Elliott wave zigzag structure structure or...
Under pressure by 1.3535 resistance, USDCAD pulled back from 1.3525. Support is now located at the bottom of the ascending price channel on 4-hour chart. As long as the pair is in the channel, the upward movement...
USDCAD is facing 1.3534 resistance. A break of this level will signal resumption of the uptrend from 1.2968, then next target would be at 1.3800 area. Support is at 1.3223, only break below this level could signal...
The US dollar rallied against the Canadian dollar during the session on Friday, breaking above the 1.35 handle again. Ultimately, I believe that this market does go higher but it is probably going to be volatile. It...
