Elliott Wave Analysis: USDCAD Could Be Facing A Possible Reversal


USDCAD is up as dollar finds a bid across the board while crude oil is trading lower. We see pair trading in fifth wave which means that top may not be far away. However, market is still strong at the moment so there is room for more gains, ideally to 1.3340-1.3400 region where we would look for a signs of a top, maybe next week.

Interested in our services ? We have a Special Offer : Get 1 Month Access For 1€!! Grab the opportunity now at www.ew-forecast.com You can even subscribe to our Twitter account -> @ewforecast




Previous articleEURAUD Forex Forecast – Reversal Pullback Opportunity
Next articleDaily FX Trading Update: European Currencies Slump on Brexit Headlines
Gregor Horvat first made his name in Slovenia and has become world famous in the forex market since 2003. He is both a trader and a technical analyst who offers trading strategies on the Fibonacci and Elliot Wave principle. His main focus is on currency pairs, U.S. stock market, gold and oil. Gregor Horvat found the forex service offered on http://www.ew-forecast.com/. This website provides traders technical analysis, while putting emphasis on behavioral patterns. These are derived from the Elliott Wave Principle (EWP). Traders who are interested in the entry and exit positions, and he probability of the former and latter follow the EWP on a regular basis.