The pair is expected to grow

Supposedly, a bearish correction in a form of  fourth wave 4 is completed. Apparently, the first counter-trend wave in a form of a small impetus (i) is forming now. If this assumption is correct and the price does not break the critical level 1.1940, it's logical to expect the pair to rise to levels 1.2300 – 1.2600 – 1.2800

Trading tips

Buy the pair from corrections above a level of 1.1940 with a target at .2300 – 1.2600.

Alternative scenario

Breakout and consolidation below the level of 1.1940  will allow the pair to continue declining to the levels of 1.1800 – 1.1700.

USD/CAD: wave analysis

USD/CAD: wave analysis



Tags:

test


The material published on this page is produced by LiteForex and should not be considered as the provision of investment advice for the purposes of Directive 2004/39/EC; furthermore it has not been prepared in accordance with legal requirements designed to promote the independence of investment research and is not subject to any prohibition on dealing ahead of the dissemination of investment research.



Follow us in social networks!
Live Chat
Leave feedback