USDCAD - Short Possibility (Elliott Wave)
Currency: USDCAD
Frequency: Daily
Predicted Direction: Short
USDCAD followed the Bearish consolidation after BOC raised the benchmark I.R by 25 basis point to 1% (2nd time 2017). The strength of Canada's growth will support further rising of I.R in 2018.
I expect the price will test the psychological level of 1.20 soon and then it will have a corrective wave to Wave 4, providing a short opportunity at approx. 1.22/23.
Short: 1.22/23
Stop Loss: 1.25
Target 1: 1.18020 - 1.19785 (Support Zone)
Target 2: 1.15360 (61.8% Fib)
Frequency: Daily
Predicted Direction: Short
USDCAD followed the Bearish consolidation after BOC raised the benchmark I.R by 25 basis point to 1% (2nd time 2017). The strength of Canada's growth will support further rising of I.R in 2018.
I expect the price will test the psychological level of 1.20 soon and then it will have a corrective wave to Wave 4, providing a short opportunity at approx. 1.22/23.
Short: 1.22/23
Stop Loss: 1.25
Target 1: 1.18020 - 1.19785 (Support Zone)
Target 2: 1.15360 (61.8% Fib)
Not
Not
The price completed the minor corrective wave 4 and reach our selling zone of 1.22/23. USDCAD will soon to test the lower of the support zone and hit the first target
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.