Seeking Alpha's  Instablog
Send Message
We are providing technical analyzes for the financial markets and how they behave based on the Elliott Wave Principle. The Elliott Wave Principle gives you a method for identifying at what points a market is most likely to turn. And that, in turn, gives you guidance as to where you might enter... More
My company:
My blog:
Elliott Wave Analysis Service
  • USDCAD: Three Waves Up Within Downtrend Is A Bearish Structure 0 comments
    Oct 2, 2013 4:23 AM

    USDCAD is recovering from 1.0180 but in corrective fashion labeled as wave (iv) that is part of a larger incomplete five wave decline from August high. We can see that rally from 1.0180 is in three waves that retraced back to former wave four for 38.2%-50% retracement area. As such, thats an ideal zone for a reversal back to previous lows; 1.0280 break will confirm the bearish case for this market, while rise above 1.0450 will invalidate it.

    (click to enlarge)

    Written by Elliott Wave Analysis Services

    Try's Services Free Fo 7 Days at

Back To's Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (0)
Track new comments
Be the first to comment
Full index of posts »
Latest Followers


More »

Latest Comments

Posts by Themes
Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.