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2 Apr 2015
USD/CAD might see a bullish reversal – EW-Forecast
FXStreet (Barcelona) - Gregor Horvat of EW-Forecast, uses Elliott Wave Analysis to predict that USD/CAD might see a bullish trend reversal soon.
Key Quotes
“The USD is mixed across the board, down against the EUR and GBP, but sideways or maybe even slightly up against the commodity currencies.”
“Well, we see some nice bearish structure on commodity currencies that could continue lower soon.”
“Our special attention is still on USDCAD which made a nice three waves down from the high, exactly into our Fibonacci support zone so bullish reversal could be in the cards for sessions ahead.”
Key Quotes
“The USD is mixed across the board, down against the EUR and GBP, but sideways or maybe even slightly up against the commodity currencies.”
“Well, we see some nice bearish structure on commodity currencies that could continue lower soon.”
“Our special attention is still on USDCAD which made a nice three waves down from the high, exactly into our Fibonacci support zone so bullish reversal could be in the cards for sessions ahead.”