![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgJwH3MbBIrbjZN7AYNjzf3-lLp6loObiwi5p0FAFI5Pr03JUYNVebS_CwdO1UqZG6Z_4nacb2yc22eDPVBt2D90T1NJGKAtRHEzKfV3cKF75nxE_diD8Ya0jj3sTQ-uxVTv4nZQLUv9Kdb/s320/CAD_D.png)
USD/CAD Wave analysis and forecast for 08.11 – 15.11: The pair is likely to decline. Estimated pivot point is at the level of 1.0500.
Our opinion: Sell the pair from correction below the level of 1.0500 with the target of 1.01 - 1.0.
Alternative scenario: Breakout of the level of 1.0500 will enable the pair to continue growth up to the level of 1.06.
Analysis: It is assumed that presently formation of ascending correction as the second wave, which takes shape of Zigzag with an irregular correction in wave b, has completed. . If this assumption is true, it makes sense to expect that decline in price will continue in the third wave.
0 comments:
Post a Comment