EURUSD and USDCAD Intraday: Elliott Wave Analysis

By: Gregor Horvat | Mon, Jun 1, 2015
Print Email

USDCAD is breaking higher, now trading above wave B swing, so triangle can be done in fourth wave which means that higher prices are in play for wave 5). We are looking towards 1.2600 at the start of the week.

USDCAD 1h Elliott Wave Analysis

USDCAD 1-Hour Elliott Wave Analysis Chart

EURUSD is moving higher, possibly headed up to 1.1060 resistance where third leg will equal to first leg. As such, market could turn south tomorrow or on Wednesday.

EURUSD 1h Elliott Wave Analysis

EURUSD 1-Hour Elliott Wave Analysis Chart

 


What Can You Get For 1€? At ew-forecast.com Try 1 Month Full Service >> http://www.ew-forecast.com/register

 


 

Gregor Horvat

Author: Gregor Horvat

Gregor Horvat
www.ew-forecast.com

Gregor Horvat

Gregor Horvat, based in Slovenia, has been in the forex markets since 2003. He is a technical analyst and individual trader who has worked for Capital Forex Group and TheLFB.com. He also is founder of forex services on www.ew-forecast.com. EW-Forecast.com provides technical analysis of the financial markets, highlighting behavioral patterns based on the Elliott Wave Principle (EWP). Website: http://www.ew-forecast.com/

Copyright © 2013-2017 Gregor Horvat

All Images, XHTML Renderings, and Source Code Copyright © Safehaven.com