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.
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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Our pivot point is at 3.47. Our preference: as long as 3.47 is support look for 4.22. Alternative scenario: the downside breakout of 3....
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Pivot: 0.825 Our preference: Short positions below 0.825 with targets @ 0.82 7 0.8175 in extension. Alternative scenario: Above 0.825 lo...
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Pivot: 21.45 Our preference: SHORT positions below 21.45 with targets @ 20.6 & 20.35. Alternative scenario: The upside penetration of 21...
