Special Analysis IN the mid-term and long-term for USD/CAD
Hello guys, in this technical analysis I want to speak you to Monthly from Daily timeframe what I expect of this par!!!
Lookin in Montly, we are in the elliot wave correction ABCDE, and that mean a possible bullish this pattern, because we are into in the ascendent triangle with expectative so bullish for long term!!!
But more important is this screenshoot above, we are into the elliot wave # 4 into this elliot wave correction above up this screenshoot This mean that USD/CAD it's can going to reach the $1.64 CAD, and now look in the past time how Canadian Dollar is going to devaluate agains the U.S. Dollar, that is horrible, and also there are a bad news for Canada that the country it's going to comming on a considerable cases of covid-19 and the situation of Canadian petroleum that I see in this country a strong reccesion for the CAD currency.
In weekly as you see in the monthly timeframe, we are complete the elliot wave correction D to find down the elliot wave correction E, and alter the USD to the moon against of CAD. But now the situation in weekly is that we are in the another into elliot wave that we are in the elliot wave 4 with chartist pattern called a bearish rising wedge. And also, I mark this elliot wave of this form because is the model of the possible drop in finished to find down the elliot wave E in monthly. And that support line is the base that form the ascendent triangle that you can see in monthly
And finally, to conclude in Daily timeframe, we are in this rising wedge mentioned above, this is so bearish pattern with a possible drop of 5% if you put in long in the elliot wave E, we can to find up sell off of this par, So, also, this par is so interesting in this timeframe to put in short position. But, if you trade in H4 or H1 timeframe, we can see a possible up of the price until to find up the elliot wave E into this bearish rising wedge that I show you. And copying the Elliot waves Fibonacci, you can to see the same question of Weekly timeframe, because we are into the elliot wave correction.
And guys, if you like my idea and aport you a help of then. So, consider this technical analysis for mid-term and long-term situation. Now in conclusion, in mid-term we can to expect that the price is reach the $1.30 CAD and this zone, it's the elliot wave E to put with hope the price action in weekly to put in long in the good zone to buy, but only we need to be patient and take a lot discipline, becuase I see in long term this par so bullish reaching above $1.60 CAD about all Canadian issues in the government, currency, petroleum and bad news for the Canada economy.
This is not my techncal analysis, but I put in tutorial as teach you how you need to operate of this par, and it's important to know you this information for mid-term and long-term. Now, don't missing my part II of this analysis in H4 in minutes that I will going to make now.
Lookin in Montly, we are in the elliot wave correction ABCDE, and that mean a possible bullish this pattern, because we are into in the ascendent triangle with expectative so bullish for long term!!!
But more important is this screenshoot above, we are into the elliot wave # 4 into this elliot wave correction above up this screenshoot This mean that USD/CAD it's can going to reach the $1.64 CAD, and now look in the past time how Canadian Dollar is going to devaluate agains the U.S. Dollar, that is horrible, and also there are a bad news for Canada that the country it's going to comming on a considerable cases of covid-19 and the situation of Canadian petroleum that I see in this country a strong reccesion for the CAD currency.
In weekly as you see in the monthly timeframe, we are complete the elliot wave correction D to find down the elliot wave correction E, and alter the USD to the moon against of CAD. But now the situation in weekly is that we are in the another into elliot wave that we are in the elliot wave 4 with chartist pattern called a bearish rising wedge. And also, I mark this elliot wave of this form because is the model of the possible drop in finished to find down the elliot wave E in monthly. And that support line is the base that form the ascendent triangle that you can see in monthly
And finally, to conclude in Daily timeframe, we are in this rising wedge mentioned above, this is so bearish pattern with a possible drop of 5% if you put in long in the elliot wave E, we can to find up sell off of this par, So, also, this par is so interesting in this timeframe to put in short position. But, if you trade in H4 or H1 timeframe, we can see a possible up of the price until to find up the elliot wave E into this bearish rising wedge that I show you. And copying the Elliot waves Fibonacci, you can to see the same question of Weekly timeframe, because we are into the elliot wave correction.
And guys, if you like my idea and aport you a help of then. So, consider this technical analysis for mid-term and long-term situation. Now in conclusion, in mid-term we can to expect that the price is reach the $1.30 CAD and this zone, it's the elliot wave E to put with hope the price action in weekly to put in long in the good zone to buy, but only we need to be patient and take a lot discipline, becuase I see in long term this par so bullish reaching above $1.60 CAD about all Canadian issues in the government, currency, petroleum and bad news for the Canada economy.
This is not my techncal analysis, but I put in tutorial as teach you how you need to operate of this par, and it's important to know you this information for mid-term and long-term. Now, don't missing my part II of this analysis in H4 in minutes that I will going to make now.
