An upward trend is strong.

Assumingly, an upward impulse in the fifth wave of the senior level v of 5 of (3) continues forming. Locally, an upward impulse seems to be forming within which the third wave (iii) is nearing the end. If the assumption is correct and the price does not break down the critical level of 1.3437, the pair continues growing to 1.3900-1.4000.

Trading tips

Buy the pair from corrections, above the level of 1.3437 with the target at 1.3900.

Alternative scenario

The breakdown and consolidation below the level of 1.3437 would allow the pair to continue declining to 1.3000.

USD/CAD: wave analysis

USD/CAD: wave analysis




Materials published on this page are provided by LiteForex for informational purposes only and should not be construed as investment advice or advice for the purposes of 2004/39/EC Directive. In addition, these materials have not been prepared in accordance with legal requirements designed to promote the independence of investment research and is not subject to any prohibition on the further distribution of investment research.



Follow us in social networks!
Live Chat
Leave feedback