LiteForex - Analytics


    836.00 7.50/10
    80% of positive reviews

    USD/CAD: wave analysis on 01.03.2016

    A downward trend continues.

    Assumingly, a downward double zigzag within the first wave of a large Bearish correction continues forming. Locally, a correction in wave x seems to have finished and an impulse in wave (a) of y is developing. If the assumption is correct, the pair continues falling towards 1.3280, 1.3054 within the zigzag. Critical for this scenario is the level of 1.3860, a breakout of which would lead to pair’s growth towards 1.4000, 1.4100.

    To leave a comment you must or Join us

    By visiting our website and services, you agree to the conditions of use of cookies. Learn more
    I agree