Happy Corner: Loonie (CAD) pairs

I think that the USD/CAD asset would renew its maximum.


Right now, I can’t see the entrance for opening a deal on the asset, so I’ll wait until the price reaches one of the levels, and then I’ll make a decision.


I can’t see a favorable opening for a deal right now. Therefore, I’ll wait to see which of the variants is the right one.


I can’t see a favorable opening for a deal right now. Therefore, I’ll wait to see which of the variants is the right one.


breakout in daily chart and start of bullish divergence in weekly

I think that the USD/CAD asset would renew its minimum.


I suppose that the price will turn after reaching the 1.2920 level.


Right now, I can’t see the entrance for opening a deal on the asset, so I’ll wait until the price reaches one of the levels, and then I’ll make a decision.


[QUOTE=“Wonel;770994”]Right now, I can’t see the entrance for opening a deal on the asset, so I’ll wait until the price reaches one of the levels, and then I’ll make a decision. <img src=“301 Moved Permanently”/>[/QUOTE]
Thats audusd not usdcad

I can see two scenarios here – the basic (1) and alternative (2).

The asset is flat now. I’ll set pending orders nearby the upper bound and bottom line and will see which one is gonna work.

The price will soon reach the level, where it will be possible to plan the exit point from the deal. I hope the price won’t go another way; it happens sometimes.

I also think the USDCAD will be falling after the monthly OPEC report. But i will watching out for the crude oil report.

I also think the CADJPY will go up and rise like a sun:

I see i break out


And the EURCAD will fall like a rock:

I see i break out


I hope i am write. If not: it is a learning moment.

I think that USD/CAD asset will go down.

The price went not as I expected, but nothing bad happened because the stop order had been triggered. This transaction didn’t harm me much.

I can see an excellent entrance to the USD/CAD market after passing the 1.3115 level. The price will go up.


I’m having a bid order on USD/CAD until the price reaches the level of resistance at 1.3228. After that, I’m starting to buy.

I can see two scenarios here – the basic (1) and alternative (2).


Well, the asset moves as I’ve predicted. I think that I can earn even more on USD/CAD! Definitely, the show must go on =)

USDCAD Elliott Wave View: Ending 5 wave Impulse

Short term Elliott wave view in USDCAD suggest that the cycle from 4/13 low (1.3218) is unfolding as an impulsive Elliott wave structure . This 5 wave move could be wave ((a )) of an Elliott wave zigzag structure structure or wave ((c )) of FLAT correction. In either case, after 5 wave move ends, pair should pull back in 3 waves at least as the Elliott Wave Theory suggests. Minutte wave (i) ended at 1.3337 peak, Minutte wave (ii) ended at 1.3261, Minutte wave (iii) ended at 1.3498, Minutte wave (iv) pullback ended at 1.3455 low and above from there Minutte wave (v) of ((a)) already reached the minimum extension area between 1.3509-1.3527 which is the inverse 1.236-1.618% Fibonacci extension area of proposed wave (iv) dip. This means cycle is now mature and can end at any moment resulting in a 3 wave pull back at minimum. The pull back is shown to be wave ((b)) and should correct the cycle from 4/13 low in 3, 7 or 11 swings. If the decline turns out to be stronger than expected and breaks the pivot at 1.3218 low, that would suggest 5 wave move up from 1.3218 low was a B wave FLAT from 3/21 (1.3261) low and pair could then see 1.3252 – 1.3187 area before bouncing again. Although Minutte wave (v) of ((a)) has reached the minimum extension area, another high towards (v) = (i) target @ 1.3571 can’t be ruled out to end wave ((a)) cycle from 4/13 low. In either case, cycle from 4/13 (1.3218) low is mature and should result in a pull back soon.

USDCAD 1 Hour Elliott Wave Chart 04/21/2017