Elliott Wave Analysis: USDCAD Trading In A Flat

FX:USDCAD   U.S. Dollar / Canadian Dollar
USDCAD             turned lower in the last two days, making a new bearish impulse that we see it as wave C of a flat in a higher degree correction. As we know wave C should be made by five waves so another short-term decline beneath 1.2990 can be in play for wave five of C, before market turns higher with impulsive reaction. Daily close above 1.3130 would suggest that lows are already in place.

A Flat is a three-wave pattern labeled A-B-C that generally moves sideways. It is corrective, counter-trend and is a very common Elliott pattern.

Learn The Elliott Wave. NEW!! Elliott Wave School 👉👉👉 https://ew-forecast.com/theory/

FX-Online Service: https://ew-forecast.com/service/

EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 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