About meCFA, market analyst specialized in money and capital markets with 16 years of experience currently, working at Equiti Global markets.
managing numerous funds, ex university instructor, presented many seminars, Developed many feasibility studies.
USDCAD is unfolding in 5 waves down from 1.3123 high and this wave cycle that started from 17 January 2016 from 1.4690 high should not end before reaching 1.16.
a good entry to play the short move is around 1.2700/1.2740 with a stop at 1.3130 and a target of 1.1611.
The pair could have ended an ending diagonal and three waves down can follow to around 0.7220 to complete minor wave 2 in green.
Scenario is to go long the pair at 0.7220 for a minor wave 3 up to 0.7355 with a stop loss at 0.7160.
Good luck !!!
Intermediate Wave (C) down is unfolding, this cross is currently completing wave ((ii)) up to around 0.8750 where sellers are awaiting to go short targeting 0.8525/0.8535.
invalidation point at 0.8805
The USDJPY made a top at 125.85 in June 2016 after completing 5 primary waves up from 75.57 since 2011, now the pair is an (A) (B) (C) intermediate waves patterns, where wave (A) ended 98.98 in June 2016, wave (B) ended at 118.66 in December 2016 and currently the pair is unfolding in 5 intermediate waves down with an expected target around 93.
The pair can bounce...
Technically, the #USDJPY made a primary top at 125.85 in June 2015 after completing 5 primary waves up from 75.57 since 2011, the pair now is in an intermediate correction labelled (A) (B) (C) where #wave (A) ended at 98.98 in June 2016, #wave (B) ended at 118.66 @76.4% Fibonacci retracement in December 2016, and currently wave (C) is unfolding where...
Technically, Gold Bull scenario to start around $1282/ oz, invalidation level $1239, bull has room to run up to $1440/oz until mid August 2018.
Fundamentally, The rising trade war tension between USA and China will put upside pressure on gold as still gold is a safe haven, in addition to what the media doesn't want you to know is that such trade wars can send...