Hoag

AUDCAD Technical Analysis: Expecting correction to be over

FX:AUDCAD   Australian Dollar/Canadian Dollar
Talking Point:

Technical Strategy: Turning Bearish
Elliottwave View: Expecting completion of wave (C) of c.

Analysis
AUDCAD             was trading sideway from Aug-2013. We were seen May-2015 a declined again but unable to takeout Aug-2013 low in impulse manner. We experienced a bounce from 9170 area in May-2015. However, upside was corrective and can be counted as flat correction in elliott-wave . With that in mind, we are expecting correction should be over sooner and can be seen impulsive declined from 1.022 to 1.023 area.

Action
We are waiting for decline and it's confirmation before entering into market. Until then we are sideline and looking into future development.
United States
United Kingdom
India
Deutschland
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Priority Support Ideas Published Followers Following Private Messages Chat Sign Out