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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
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  • USDCAD: Bearish Impulse With Room For 1.1000 0 comments
    Mar 27, 2014 12:02 PM

    From one of the weakest last week to one of the strongest in this week; it's Canadian dollar. We firstly thought that pullback from the high will unfold in corrective manner, but it turns out to be an impulsive price action in progress. We need to respect the market price and be ready to adjust the view and bias when necessary. As such we are looking for more downside now within impulsive decline, with room for 1.0100 in the next few sessions. However nothing moves in straight line so be aware of a corrective rallies in coming fourth waves. First, a black wave iv can occur soon as price is approaching to some Fibonacci levels around 1.1020/40.
    USDCAD 1h Elliott Wave Analysis


    Join me on our free Elliott Wave Live analysis on Monday Mar 31 2014 at 12:00GMT. I will cover some major markets and highlight interesting patterns.
    Register here www.anymeeting.com/PIID=EA54D985824C3B

    Trade well,

    Grega

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