Hello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied.
From my wave count, the trend is up in five waves already and any backing should prove corrective and set the stage for higher price action.
Declerk
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@maonimisi hello, kindly am requesting if you can be my mentor in trading,am a begginer and I would like to major in trading market and be successful...Am Declerk from Kenya email:Declerklincoln.dl@gmail.com
baigxy
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@maonimisi, I think it could be possibility depending on DXY going bullish next week but lets see
maonimisi
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@baigxy u are absolutely correct... I hope u find the wave count useful
UnknownUnicorn34383511
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@maonimisi you are correct although I found the answer differently. I'm looking at .3400 for the long term sell signal.
Michael_Harding
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Thanks for sharing the technical outlook. In terms of fundamentals, holding below 1.25 isn't really likely with all this Fed talk. Expect equities and commodity trading currencies like the CAD to remain weak in the days ahead.