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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 Elliott Wave Analysis: Corrective Pullback  0 comments
    May 26, 2014 4:48 AM

    On USDCAD we are tracking a deep but still corrective price action from start of the year. We are looking at wave 4) that is part of an big impulsive rally from a weekly chart. Usually fourth waves will find a support around 28 or 50% retracement level compared to wave 3) which in our case comes in around 1.0730. As such, we see pair now trading down within final stages of a corrective retracement, so we need to be aware of a bullish reversal, probably at the start of June.

    USDCAD Daily Elliott Wave Analysis

    Interested in our analysis? Get now 1 month of full service for just 1€. http://www.ew-forecast.com/service

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