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.
English
English (UK)
English (IN)
Deutsch
Français
Español
Italiano
Polski
Türkçe
Русский
Português
Bahasa Indonesia
Bahasa Melayu
ภาษาไทย
Tiếng Việt
日本語
한국어
简体中文
繁體中文
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 Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out