free stats

USD/CAD: Wave analysis and forecast for 17/08/2018 – 24/08/2018

USD/CAD: Wave analysis and forecast for 17/08/2018 – 24/08/2018

Ascending trend for the pair USD/CAD continues. Estimated pivot point is at a level of 1.2960.

Main scenario: long positions will be relevant from corrections above the level of 1.2960 with a target of 1.3385 – 1.3500.

Alternative scenario: breakout and consolidation below the level of 1.2960 will allow the pair to continue declining to a level of 1.2740.

Analysis: Supposedly, the first wave of senior level 1 of (5) continues to develop within the daily time frame in the form of a wedge. The fifth wave v of 1 continues developing on the 4-hour timeframe. Apparently, a local correction in the form of the fourth wave of junior level (iv) of v finished forming on the 1H time frame and the wave i of (v) of v has formed. If the presumption is correct, the pair will continue to rise to levels 1.3385 – 1.3500. The level 1.2960 is critical in this scenario.

Do You Want To Make Thousands Of Dollars Extra Cash Every Month
From Forex Trading In Pakistan?

Subscribe To Our Mailing List And Get Free Forex Training Videos, Free Forex Trading Strategies, Free Forex Indicators, Robots And Free Forex Analysis From ForexGuru.Pk Team In Your Email

We Respect Your Privacy And Protect It Seriously

Categories: Free Forex Signals

Tags: ,

Forex Course - Forex Signals - ForexGuru.Pk - Dr. Zia-al-Hassan