USD/CAD falling inside minor impulse wave 3

USD/CAD falling inside minor impulse wave 3

  • USD/CAD falling inside minor impulse wave 3
  • Next sell target - 1.2420

USD/CAD continues to fall inside the minor impulse wave 1, which belongs to the intermediate impulse wave (3) from the middle of August. Impulse wave (3) started when the pair reversed down with the daily Evening Star from the resistance zone lying between the resistance level 1.2800, upper daily Bollinger Band, resistance trendline of the daily down channel from May and the 38.2% Fibonacci correction of the downward impulse from June. USD/CAD is expected to fall to next sell target at the next support level 1.2420 (low of the previous impulse wave (1)).



Bitcoin (BTC/USD): a bottom could be found soon?

The bears were the main protagonists during the past week since the price action remained consolidated below the 200-hour moving average and we have seen that the cycle that we mentioned in previous reports could triple, according to our projections in…


Morning brief for May 30

 Growing concerns over Greek bailout, early elections in Italy and comments by the ECB President Mario Draghi about the need to maintain the bank’s extraordinary amount of monetary policy support…

Deposit with your local payment systems


A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Internal error. Please try again later

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera