17 Mar 2015
USD/CAD could reverse from the new high – EW-Forecast
FXStreet (Barcelona) - Gregor Horvat of EW-Forecast, uses Elliott Wave Analysis to give the outlook for USD/CAD.
Key Quotes
“USDCAD as well completed a 4 wave triangle. As we know, triangles marks balancing of the forces and when we see this structure, we know the current trend would not continue much further in the same direction. Therefore, USDCAD is in its last stages before reversal.”
Key Quotes
“USDCAD as well completed a 4 wave triangle. As we know, triangles marks balancing of the forces and when we see this structure, we know the current trend would not continue much further in the same direction. Therefore, USDCAD is in its last stages before reversal.”