• 14 hours The Coronavirus Is Crushing China’s Car Market
  • 2 days Fighting For Survival In The Streaming War
  • 2 days Want A Job? Forget About A Bachelor’s Degree
  • 3 days Another Major Car Maker Is Backing Hydrogen
  • 3 days Are Americans Finally Sold On Soccer?
  • 4 days Is The Tech Bubble About To Burst?
  • 4 days Coronavirus Could Cost Tourism Industry $80 Billion
  • 5 days What Web Traffic Trends Can Tell Us About The World
  • 5 days Miners Face Greater Headwinds
  • 5 days Boris Johnson Proposes Billion Dollar Bridge To Northern Ireland
  • 7 days Goldman Slashes Oil Price Forecast By $10
  • 8 days Tesla Raises $2 Billion In Share Selloff
  • 8 days What The T-Mobile Takeover Of Sprint Really Means For Markets
  • 9 days The U.S. Has Charged Huawei With Racketeering And Conspiracy
  • 9 days How Hydrogen Could Become The Fuel Of The Future
  • 9 days Millennials Can’t Retire, But They’ll Still Have To Help Their Parents
  • 10 days This Gold Miner Just Increased Its Dividends By 40%
  • 10 days Airbnb IPO Under Threat As China's Economy Drags
  • 10 days The Infamous Equifax Hack Just Became A National Security Issue
  • 11 days BHP Takes The Crown As World’s Top Copper Miner
What's Behind The Global EV Sales Slowdown?

What's Behind The Global EV Sales Slowdown?

An economic slowdown in many…

How The Ultra-Wealthy Are Using Art To Dodge Taxes

How The Ultra-Wealthy Are Using Art To Dodge Taxes

More freeports open around the…

  1. Home
  2. Markets
  3. Other

Elliott Wave Analysis on USDCAD And FTSE100

USDCAD

We know that USDCAD is trapped in a two month consolidation pattern, probably a triangle. On the 1h chart we see price turning up now above the channel resistance line that puts wave D) in play for 1.3050-1.3080 area, where another and final pullback may occur down for wave E) to complete this very complex correction.

USDCAD, 1H

USD/CAD 1-Hour Chart


FTSE 100

We see European stocks turning slightly to the downside today, most likely into a new corrective setback. DAX already lost 150 points, so we think that lower prices may also follow on the UK Index. From a technical perspective we see waves A down and B up to around 6660, from where price may turn down for wave C, third leg of a corrective retracement, that can be headed down to 6540 gap area to complete a contra-trend structure.

FTSE100, 15Min

FTSE100 15-Minute Chart

 


Interested in our services? We have a Special Offer : Get First 2 Months For The Price Of 1!! Grab the opportunity now at www.ew-forecast.com

 

Back to homepage

Leave a comment

Leave a comment