Elliott Wave Intraday Video: AUDJPY, NIKKEI, OIL, USDCAD 

elliott wave video

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Elliott Wave Intraday Video: AUDJPY, NIKKEI, OIL, USDCAD

USDCAD was trading bearish through May 2017 and through September. We can see that a five-wave impulse had unfolded on the daily time frame and later found a low at the 1.2058 level. From there a new bullish movement followed, which we labeled it as wave A, first wave of a three-wave recovery which means more gains is expected to occur after current wave B is finished, which can look for a base around 1.2600 and also complete a bullish H&S pattern.

For more detailed analysis on USDCAD, check our VIDEO analysis below, where we also take a look at AUDJPY, NIKKEI225 and Crude oil.


Disclosure: Please be informed that information we provide is NOT trading recommendation or investment advice. All of our work is for educational purposes only.



By Gregor Horvat

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