USD/CAD Signal Update June 25, 2012
Forex pairs in this Article »
USD/CAD
By: DailyForex.com
Currency: USD/CAD Trend Expected Direction: Down Method: Elliott Waves and Fibonacci Levels Description: Follow up on my previous Canadian Dollar trade dated Jun, 18th Wave (A) in a falling complex correction has taken place at 1.04250 on Jun, 5th with a motive drop followed be a contracting triangle and wave (c) ended with a corrective expanded flat that hits 0.50 critical Fibonacci level at 1.02918 which could indicate to an end of wave (B) and open the way to unfold wave (C) in order to complete the pattern. I have changed the target to Open and Stop Loss to 1.03100. Let's follow the economic news and post target accordingly. Recommendation: Sell & Hold Target Area: Open Stop Loss: 1.03100
Currency: USD/CAD Trend Expected Direction: Down Method: Elliott Waves and Fibonacci Levels Description: Follow up on my previous Canadian Dollar trade dated Jun, 18th Wave (A) in a falling complex correction has taken place at 1.04250 on Jun, 5th with a motive drop followed be a contracting triangle and wave (c) ended with a corrective expanded flat that hits 0.50 critical Fibonacci level at 1.02918 which could indicate to an end of wave (B) and open the way to unfold wave (C) in order to complete the pattern. I have changed the target to Open and Stop Loss to 1.03100. Let's follow the economic news and post target accordingly. Recommendation: Sell & Hold Target Area: Open Stop Loss: 1.03100
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