• 9 hours Under COVID, The Rich Got Richer
  • 2 days Will Biden Lift Sanctions On Venezuela?
  • 2 days How To Play The Next Stage Of The Marijuana Boom
  • 2 days India Looks To Import More Venezuelan Oil Under Biden
  • 3 days 3 Unstoppable Stocks With A Biden Boost
  • 3 days The Biggest Biotech Story Of 2021?
  • 3 days Biden Looks To Rejoin Paris Climate Agreement
  • 4 days Capital One Fined Again For Money-Laundering Failure
  • 4 days The Star-Studded Fund Backing Clean Energy Startups
  • 5 days The Unexpected Retail Segment On Track To Hit $68B
  • 7 days Oil Demand Falters On New Wave Of Lockdowns
  • 8 days Signal, Telegram Gain Ground As Social Censorship Breaks Headlines
  • 9 days Investors Should Be Worried About Tech Stocks
  • 11 days Battle For Market Share Intensifies In COVID Streaming War
  • 13 days Censorship Is Now Private, And That’s Scary
  • 16 days Markets Hit ‘Ignore’ Over Capitol Coup
  • 17 days Tesla’s China Strategy Is Yet Another ReasonTo Double Down
  • 18 days NYSE Reverses China Company Delisting Plans … For Now
  • 20 days The Dollar Could Remain Weak For Years To Come
  • 23 days The Simple Secret To Tesla-Like Gains
Zombie Foreclosures On The Rise In The U.S.

Zombie Foreclosures On The Rise In The U.S.

During the quarter there were…

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…

What's Behind The Global EV Sales Slowdown?

What's Behind The Global EV Sales Slowdown?

An economic slowdown in many…

Elliottwave-Forecast

Elliottwave-Forecast

Elliottwave-Forecast

Elliottwave-Forecast.com (by EME PROCESSING AND CONSULTING LLC) was founded in 2005 by Eric Morera. Since inception our company has provided tailored Financial Market Services to…

Contact Author

  1. Home
  2. Markets
  3. Other

USDCAD Elliott Wave View: More Upside

Short term Elliott Wave view in USDCAD suggest the decline to 1.322 ended Intermediate wave (X). Revised view suggests that the rally from there is unfolding as a double three Elliott Wave structure where Minute wave ((w)) ended at 1.3525 and Minute wave ((x)) ended at 1.3406. Minute wave ((w)) is subdivided as a Flat Elliott wave structure where Minutte wave (a) ended at 1.3338 and Minutte wave (b) ended at 1.3258. Near term, pair is within Minutte wave (x) pullback to correct the cycle from 4/24 low in 3, 7, or 11 swing before the rally resumes. We don't like selling the proposed pullback and expect buyers to appear once wave (x) pullback is complete in 3, 7, or 11 swing as far as pivot at 1.3406 stays intact.


USDCAD 1-Hour Elliott Wave Chart

USD/CAD 1-Hour Chart
Larger Image


Elliott Wave Degree

 


At Elliottwave-Forecast, we offer 24 hour coverage of 52 instruments from Monday - Friday using Elliott Wave Theory as primary tools of analysis. We provide Elliott Wave chart in 4 different time frames, up to 4 times a day update in 1 hour chart, two live sessions by our expert analysts, 24 hour chat room moderated by our expert analysts, market overview, and much more! With our expert team at your side to provide you with all the timely and accurate analysis, you will never be left in the dark and you can concentrate more on the actual trading and making profits. Check out our 14 day Trial to sample everything we have to offer.

 

Back to homepage

Leave a comment

Leave a comment