Unsere besten Spreads und Konditionen
Über die Plattform
Handelsnachrichten
Back
1 Apr 2015
USD/CAD: bullish scenarios ahead – EW-Forecast
FXStreet (Barcelona) - Gregor Horvat of EW-Forecast, shares the technical outlook for USD/CAD, noting that two potential bullish scenarios exist for the pair.
Key Quotes
“USDCAD turned up last week, and rallied close to 1.2800 this week so that decline from 1.2834 was completed on March 27th with three waves. As such, a whole structure since February appears to be a running triangle.”
“With that said, latest leg up can be sharp wave D) with wave E) pullback now in play that will complete sideways move at 1.2460/1.2600 zone.”
“Even alternate count (ALT on the chart with wave 1) at the high) suggests more upside after any three wave retrace.”
Key Quotes
“USDCAD turned up last week, and rallied close to 1.2800 this week so that decline from 1.2834 was completed on March 27th with three waves. As such, a whole structure since February appears to be a running triangle.”
“With that said, latest leg up can be sharp wave D) with wave E) pullback now in play that will complete sideways move at 1.2460/1.2600 zone.”
“Even alternate count (ALT on the chart with wave 1) at the high) suggests more upside after any three wave retrace.”