USD/CAD: loonies needs a rest

USD/CAD: loonies needs a rest

On the USD/CAD daily chart, the final target in the Wolfe Waves pattern has been fulfilled and the 23.6% level of the 2016 downward near-term wave has been reached. As a result, the risks for the correction from the current levels, or from the 113% target of Shark pattern have increased.


On the USD/CAD hourly chart, Bulls’ positions seem hopeless. Nevertheless, a successful test of the resistance in the form of the convergence zone at 1.303 – 1.304 will increase the risks of the rollback towards 38.2%, 50%, 61.8% from the last downward wave.



Latest news

GBP/USD: pound entered into channel Tenkan-Kijun

Bullish Ichimoku Cloud with horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen with horizontal lines; the market is under strong resistance and prices entered into the channel Tenkan-Kijun.


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