• 16 hours Jeff Bezos Doubles Down On Space Colonization Ambitions
  • 22 hours Gold Mining Stocks Stuck In Limbo
  • 2 days Executive Order Targets Huawei Over Espionage
  • 2 days Why Now May Be The Best Time Ever To Hold Gold
  • 3 days Fake News Sinks Shares In UK-Based Bank
  • 3 days De Beers To Build $468 Million Diamond Recovery Ship
  • 3 days Moody's: Turkey Faces Possible Credit Downgrade
  • 3 days Tesla's Solar Sales Are Slipping
  • 4 days Auto Industry To Get Temporary Tariff Relief
  • 4 days Welcome To The World’s Biggest Free Trade Area
  • 4 days Central Banks Are Stockpiling Gold At The Fastest Rate In Half A Decade
  • 4 days U.S.-China Impasse Threatens Rare Earth Trade
  • 5 days Wall Street Bears $1 Trillion Brunt Of Trade War
  • 5 days Mobile Sports Betting Isn’t Quite Minting Millionaires Just Yet
  • 5 days The Marijuana Industry’s Shocking Secret
  • 5 days A Generational Shift Is Quietly Unfolding In The Mining Industry
  • 6 days Pentagon To Pay $6 Billion To Help Build Border Wall
  • 6 days Beijing Backlash: Stocks Slammed, Gold Boosted
  • 6 days Market Sentiment At Its Lowest In 10 Months
  • 6 days Trader Compares Current Market Environment To 2007
How Millennials Are Reshaping Real Estate

How Millennials Are Reshaping Real Estate

The real estate market is…

Market Sentiment At Its Lowest In 10 Months

Market Sentiment At Its Lowest In 10 Months

Stocks sold off last week…

  1. Home
  2. Markets
  3. Other

Elliott Wave Analysis On USDCAD And USDCHF

USDCAD

USDCAD is rising sharply as crude oil goes straight down after NFP report. We see more weakness in play for energy markets as USD trend can be coming, so that would make ideal scenario for bullish USDCAD. A five wave rally from 1.2850 low is needed for bullish turn to be confirmed. Lets see if price can stay above 1.3052 today; if not then bears can drive pair back to the lows next week.

USDCAD, 1H

USDCAD 1-Hour Chart


USDCHF

USDCHF can be bottoming if we consider an ending diagonal in wave v-circled while we see a divergence on the RSI. Based on price and time, a new turning point can be coming soon, but we will need a daily close above 0.9620 to confirm higher prices ahead with minimum three waves of recovery.

USDCHF, 1H

USDCHF 1-Hour Chart

 


If you like our trading analysis, you can visit our website at --> www.ew-forecast.com

 

Back to homepage

Leave a comment

Leave a comment