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AndyM
Jan 11, 2016 11:07 AM

USDCAD update, wait for end Jan to short Short

U.S. Dollar/Canadian DollarFXCM

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Hi All,
here's an update for USDCAD, the pair is making its way to an important top, which will probably be the last one for this year. Once we reach 1.43-44 I think we will enter a correction which will last till end Aug - aligned with a correction with SPX, which will start once we see the decline complete itself at 1730 or below.
Still a couple hundred pips to collect in this pair, but not really attractive any more. I would wait for a short end Jan.
Comments
UnknownUnicorn302563
Hi AndyM, I just want to say thank you very much for sharing your analysts, very educational, exciting and amazing charts as always. I don't have knowledge Elliot Wave and technical much but your charts are always quite impressed, really. Pleae keep up the good work.
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