USDCAD Elliott Wave Analysis: Downtrend Continuation

USDCAD fell sharply lower last week and now it's even extending weakness towards 1.0700 so it seems that market is trading within wave iii), typically the strongest wave in the five wave cycle. As such, we suspect that price will fall even lower in this week, ideally to around 1.0680 where we will be looking for signs of a bounce in price.

This Fall On USDCAD Is Already Expected >> Go Here

USDCAD 4h Elliott Wave Analysis

Written by www.ew-forecast.com

Check our service at Fxstreet.com 

Views: 85

Comment

You need to be a member of Forex Social Network to add comments!

Members

© 2019   Created by FXStreet.   Powered by

Badges  |  Report an Issue  |  Terms of Service