HomeContributorsFundamental AnalysisElliott Wave Analysis: USDCAD Intraday View

Elliott Wave Analysis: USDCAD Intraday View

USDCAD is at new low after CAD data came out 45.3K vs 11.4K. We adjusted the wave count a little, but still see pair in fifth wave which means it can be final leg within higher degree impulse. There is a chance for a bounce early next week, up from 1.2820/50 in three waves.

USDCAD, 1H

Elliott Wave Financial Service
Elliott Wave Financial Servicehttp://www.ew-forecast.com/
Trading forex, futures or futures options carries a high level of risk, and may not be suitable for all investors. The possibility exists that you could lose some or all of your initial investment; therefore you should not invest money that you cannot afford to lose. Our website and the information provided here should not be relied upon as a substitute for extensive independent research before making your investment decisions.

Featured Analysis

Learn Forex Trading