Tight rope Faller Wide 000

USDCAD Elliott Wave

USDCAD Elliott Wave

tradinglounge.comUSDCAD Elliot Wave Chart 4 hr

07 January 2019 Elliot Wave USDCAD is turning aggressively lower so we see pair now putting a top in place if we consider that current decline is sharpest than any previous rise. Very strong move down in short period of time suggests that this is wave A, still only one leg of a minimum three wave retracement. So be aware of more weakness after wave B rally.

11/01/2019

    tradinglounge.comUSDCAD Elliot Wave Chart 4 hr

    12 November 2018 Elliot Wave 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.

    13/12/2018

      tradinglounge.comUSDCAD Elliot Wave Chart 4 hr

      06 November 2018 Elliot Wave USDCAD is recovering, ideally unfolding a new impulsive wave 3) of a higher degree as part of a bullish cycle that may continue this week after a nice bounce from the lower trendline support connected from 1.2781 level. Based on minimum expectations and a completed flat correction at 1.2970 within wave 2) correction we suspect that pair can continue towards 1.34 area this week.

      29/11/2018

        tradinglounge.comUSDCAD Elliot Wave Chart 4 hr

        30 October 2018 Elliot Wave Usd/Cad 4 Hour Chart
        Tuesday, 30 October 2018 at 6:35:00PM AEST

        USDCAD is recovering, ideally unfolding a new impulsive wave 3) as part of a bullish cycle after a nice bounce last week from the lower trendline support connected from 1.2781, which means that bullish price action remains in play. Based on minimum expectations and a completed flat correction at 1.2970 we suspect that pair can continue towards 1.3225 area.

        16/11/2018

          tradinglounge.comUSDCAD Elliot Wave Chart 4 hr

          25 October 2018 Elliot Wave USDCAD is turning lower significantly since yesterday when pair might saw a reversal lower into wave C of a complex wave 2) correction which can be forming a flat. In a flat wave C of 2) will normally see a retest of wave A levels which in our case comes in at 1.2915 so a new bounce may occur from that area.

          9/11/2018

            tradinglounge.comUSDCAD Elliot Wave Chart 4 hr

            18 October 2018 Elliot Wave USDCAD is making an aggressive turn from the 1.2800 area, confirming that a previous A)-B)-C) fall had ended at the lows and that a new bullish continuation is here. We labelled first wave 1) and now 2) as completed, because of yesterday's sharp and firm recovery. If we are on the right track, then now wave 3) as part of a bullish cycle is in play, which can take price towards the 1.317/1.320 area in the following days. From there a new correction as wave 4) may start to develop.

            31/10/2018

              tradinglounge.comUSDCAD Elliot Wave Chart 4 hr

              12 October 2018 Elliot Wave USDCAD is making an aggressive turn from 1.2800 area, now already back above 1.2900 so we are considering that bottom can already be in place. We recognized wave 1) and wave 2) set-back this week which caused another leg up in the last 48 hours. Ideally that's wave 3) now that can be headed to 1.3150 or even 1.3224 September highs.

              25/10/2018

                tradinglounge.comUSDCAD Elliot Wave Chart 4 hr

                05 October 2018 Elliot Wave USDCAD is making an aggressive turn from 1.2800 area, now already back above 1.2900 so we are considering that bottom can be already in place. However, there is some US and CAD data ahead which should be observed before making a final conclusion about completed wave C). Rise and break above 1.3075 will definitely be an indication of a turn.

                18/10/2018

                  tradinglounge.comUSDCAD Elliot Wave Chart 4 hr

                  01 October 2018 Elliot Wave USDCAD moved nicely lower, away from 1.3223 high, with an impulsive structure so it appears that more downside is coming after a completed flat correction in wave X) as part of an ongoing complex, double zigzag correction from June highs. As such, current sub-wave down is seen as wave A) within a second zigzag, so be aware of more weakness after a wave B) corrective recovery which can stop at 1.3060 resistance. New turn and drop below 1.2974 would be a new bearish evidence.

                  11/10/2018

                    tradinglounge.comUSDCAD Elliot Wave Chart 1 hr

                    25 September 2018 Elliot Wave USDCAD is turning up perfectly from our identified Fib. support area. We see price trading outside of a downward channel so rally may continue towards 1.3060 in three legs.

                    2/10/2018

                      tradinglounge.comUSDCAD Elliot Wave Chart 4 hr

                      17 September 2018 Elliot Wave USDCAD came down sharply after breaking through 1.3110 swing, but this can still be labeled as wave C that is part of deep wave 2)/B) which can slow down around 61.8% Fib. Bullish continuation remains valid but rise back above 1.3111 would be needed to confirm this view.

                      If from any reason pair will continue lower then decline from June highs will be even more complex and deeper with a double zigzag.

                      25/09/2018

                        tradinglounge.comUSDCAD Elliot Wave Chart 1 hr

                        10 September 2018 Elliot Wave As you know, I am tracking USDCAD very closely for the last two weeks as I think that there can be opportunity to catch current rising trend, but we need pullback. Ideally this pullback is here with a three legs down now to 1.3020/80 area from where we may get a bounce later this week;

                        18/09/2018

                          tradinglounge.comUSDCAD Elliot Wave Chart 1 hr

                          03 September 2018 Elliot Wave USDCAD turned up in an impulsive manner, so temporary bottom can be place, especially if we get five waves up, which seems to be unfolding. So, Canadian Dollar is weakening.

                          12/09/2018

                            tradinglounge.comUSDCAD Elliot Wave Chart 1 hr

                            27 August 2018 Elliot Wave USDCAD is in similar price structure; we see five waves down from 1.3102 which suggests more weakness after a three wave rally. There is a chance that market is going to see a dip below 1.2985 this week.

                            5/09/2018

                              tradinglounge.comUSDCAD Elliot Wave Chart 4 hr

                              20 August 2018 Elliot Wave USDCAD has been moving higher but with very slow and overlapping price action from 1.2961 so we think that USDCAD is still in corrective set-back from June highs, which means more weakness can be coming within a downtrend channel to complete a double zigzag.

                              30/08/2018

                                tradinglounge.comUSDCAD Elliot Wave Chart 4 hr

                                10 August 2018 Elliot Wave USDCAD has turned nicely higher this week but again came quickly down from 1.3119 level so bullish continuation is not that clear now. However, bulls will get even stronger if 1.3119 is broken out while 1.2961 holds. But thats not the case yet, so we have to be very patient, especially if we consider that whole corrective decline from June highs can become a big double zigzag if current bullish attempt fails

                                23/08/2018

                                  tradinglounge.comUSDCAD Elliot Wave Chart 4 hr

                                  2 August 2018 Elliot Wave No change.
                                  USDCAD ca be trading at the end of a bigger, bearish three-wave reversal down from 1.3387 level. We specifically see price unfolding last sub-wave 5 of wave C), which can look for support and a temporary bullish run around the 1.295 region, region of Fibonacci ratios of 200.0. That being said, a rally above the upper channel line will confirm a completed wave C) and temporary gains.

                                  14/08/2018

                                    tradinglounge.comUSDCAD Elliot Wave Chart 4 hr

                                    27 July 2018 Elliot Wave USDCAD is still trading bearish, unfolding a strong drop from 1.3192 level, level of a former wave 2 correction. We are now tracking wave 3, which can take price towards the 1.2930/1.2900 area in upcoming sessions. A major rally from the lows would suggest a completed wave 3 and wave 4 to already be in play.

                                    8/08/2018

                                      tradinglounge.comUSDCAD Elliot Wave Chart 4 hr

                                      24 July 2018 Elliot Wave USDCAD turned beautifully lower from the upper channel line, which was expected as we were tracking a bigger, complex pattern within higher degree wave B). Current turn lower, and break below the 1.3160 level is now a confirmation for more weakness to follow in a five-wave manner for wave C). That said, we also know that pullbacks may follow, so the next one can be wave 2 which can look for resistance around the 1.317/1.323 area.

                                      2/08/2018

                                        tradinglounge.comUSDCAD Elliot Wave Chart 1 hr

                                        17 July 2018 Elliot Wave On USDCAD we have two counts; first one showing a complex, double zig-zag pattern with resistance and a reversal around the 1.3267/1.3300 area, and the second one unfolding a three-wave A-B-C recovery with resistance region near the 1.325/1.328 area. On both counts we expect more weakness to show up once completed.

                                        26/07/2018

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