Hello Traders! Here is today’s USDCAD technical analysis. I will be reviewing the USD/CAD forecast using Elliot Wave Theory and Fibonacci. Join my Patron page to get access to the private chats, education information and members forecast area:
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This video concerns December 14, 2023, USD/CAD Forecast & Analysis: Expert Insights & Trading Ideas.
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bad analysis on the long term . if you notice usd/cad hasn’t reach 100% levels on fib retracement for daily chart. It will rebound at 1.33585 or so levels , and most definitely continue to go up mb stop at 1.38 or higher by feb, march, april .
Is your thesis that the USDCAD will drop in the coming months based on the projected rate cuts that JPow announced? If so, Canada tends to follow suit. Wouldn’t that negate the long term down trend?
what is (aor1)?