USDCAD Elliott Wave Analysis Trading Lounge Day Chart
U.S.Dollar /Canadian Dollar (USD/CAD) Day Chart
USD/CAD Elliott Wave Technical Analysis
FUNCTION: Counter Trend
MODE: Corrective
STRUCTURE:navy blue wave B
POSITION:gary wave E
DIRECTION NEXT LOWER DEGREES:navy blue wave C
DETAILS navy blue wave B of E still is in play and looking near to end.
Wave Cancel invalid level:1.37864
The USD/CAD Elliott Wave Analysis on the day chart focuses on the counter-trend movements using the Elliott Wave Principle to interpret market behavior. This analysis categorizes the function as counter-trend, indicating that the current price movements are against the prevailing trend. The mode is corrective, suggesting the market is experiencing a temporary retracement or consolidation rather than a continuation of the main trend.
USDCAD Elliott Wave Analysis Trading Lounge 4 Hour Chart,
U.S.Dollar /Canadian Dollar (USD/CAD) 4 Hour Chart
USD/CAD Elliott Wave Technical Analysis
FUNCTION: Counter Trend
MODE: Corrective
STRUCTURE:navy blue wave B
POSITION:gary wave E
DIRECTION NEXT LOWER DEGREES:navy blue wave C
DETAILS navy blue wave B of E still is in play and looking near to end.
Wave Cancel invalid level:1.37864
The USD/CAD Elliott Wave Analysis on the 4-hour chart focuses on the counter-trend movements, employing the Elliott Wave Principle to interpret market behavior. This analysis categorizes the function as a counter-trend, indicating that the current price movements are against the prevailing trend. The mode is corrective, suggesting the market is undergoing a temporary retracement or consolidation rather than a continuation of the main trend.
Technical Analyst : Malik Awais
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