Sun, Nov 24, 2024 @ 19:57 GMT
Facebook Mail RSS Twitter
HomeContributorsTechnical AnalysisElliott Wave Analysis: USDCAD Pushing Higher

Elliott Wave Analysis: USDCAD Pushing Higher

Elliott Wave Financial Service
By Elliott Wave Financial Service

USDCAD remains in an uptrend after another bounce from the trendline support connected from 1.2780 which may cause an acceleration higher this week as pair can be breaking up into wave three. If that’s the case then rise will continue this week towards 1.3300/1.3360 area. Any surprise to the downside and back below rising trendline will need an update on our count.

USDCAD, 4h

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

Load more

Learn Forex Trading

ActionForex.com was set up back in 2004 with the aim to provide insightful analysis to forex traders, serving the trading community for over a decade. Empowering the individual traders was, is, and will always be our motto going forward.

Contact us: contact@actionforex.com

© ActionForex.com © 2024 All rights reserved.