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EUR/USD
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of clients are net short.
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Euro Forecast: EUR/USD Week Ahead Outlook Poor, ECB Meeting in Focus
2021-01-17 01:00:00
Euro Technical Forecast: Will EUR/USD, EUR/AUD Weakness Last?
2021-01-16 05:15:00
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of clients are net short.
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Crude Oil Prices In Focus Amid Fears of Falling Demand
2021-01-15 15:00:00
Crude Oil Prices May Turn Lower as Market Risk Appetite Sours
2021-01-15 06:00:00
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As a New Retail Trader Age Rises, Heed Tales of Past Manias
2021-01-15 12:30:00
Why a Rise in Retail Trading May Signal Another Mania
2021-01-15 04:30:00
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Gold Technical Forecast: XAU/USD May Rise as 200-MA Holds Firm
2021-01-15 20:00:00
Consumer Confidence Dips, Reflects Growing Concerns Regarding Coronavirus
2021-01-15 15:00:00
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Sterling (GBP) Weekly Forecasts: GBP Supported by Covid Vaccination Hopes
2021-01-16 22:00:00
GBP/USD Weekly Forecast: GBP/USD Rally Out of Steam?
2021-01-15 16:00:00
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Japanese Yen Technical Forecast: USD/JPY Triangle Builds into Wedge
2021-01-16 16:00:00
USD/JPY Forecast: Yen Pushes Back After Jerome Powell’s Interview
2021-01-15 12:53:00
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Guest Commentary: 2 Price Action Scenarios for USD/CAD

Guest Commentary: 2 Price Action Scenarios for USD/CAD

2014-03-13 13:45:00
Daud Bhatti,

The latest chart of USDCAD is showing five waves up from the 1.0949 low. We are labeling it as part of a running flat correction and expect the pair to turn lower and put in new lows below 1.0949 and 1.0905.

The alternate view, however, is that the five waves up wer part of a larger wave ((a)), and if so, USDCAD would be poised to trade higher after three swings lower to the 1.1026 - 1.1050 region.

By Daud Bhatti of Elliottwave-Forecast.com

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

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