USDCAD Elliottwave Technical Analysis: Bull will drag price
Talking Points:
- USDCAD Technical Strategy: Bullish
- Elliottwave Count: Wave 5 of Wave C is in process
- Upcoming major events: USD-Pending Home Sales (MoM) (Oct) on 31st of Nov, 2015, CAD-GDP on 1st of Dec, 2015
We are holding bullish count. We are expecting that this pair is in zig-zag correction in weekly time frame and targeting 1.36-1.37 region for pattern. As part of larger trend, we are tracking this 240min move. Current price is trading with bullish trendline and can have target above 1.35.
We have resistance on 1.3436. Break above this will expose to 1.3510 and above. While we have 1.3282 trendline support; breaking below and having daily close below this level hint reversal.
-- By Hoagtrading.com (Twitter: @Hoagtrading)
相關出版品
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。