Monday, February 4, 2013

#USDCAD #Elliottwave Intraday Outlook

If USD is ready to erase some of the recent losses against its rivals, then USDCAD pair will be on our radar screen. Notice that pull-back from 1.0100 can be easily counted as a double zig-zag complex corrective pattern. However, only impulses can confirm the bullish trend. As such, we should patiently wait on rise (if any) back towards 1.0035 before we can call end of a correction and look higher, back above 1.0100. This confirmation might save you some pips, in case that pair won't turn bullish.
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USDCHF Technical Analysis - Sell at 0.9955

USDCHF made a nice bull move from 0.9716 to 0.9990. Then USDCHF drops from over bought zone. USDCHF is trading below its 20 period MA on 4h ...

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