USD/СAD Wave analysis and forecast of 27.02 – 06.03

USD/СAD Wave analysis and forecast of 27.02 – 06.03: The pair is expected to grow.

For Detail Analysis, Trading Signals and Complete Forex Training In Urdu Call Us +92-300-6561240, Or Visit http://www.pakeagle.com.pk

Estimated pivot point is at the level of 1.2358.

Our opinion: Buy the pair from correction above a level of 1.2358 with the target of 1.29 – 1.30. In case of breakdown and consolidation below the level of 1.2358, the selling target can be set at 1.22 – 1.20.

Alternative scenario: Breakdown and consolidation below the level of 1.2358 will allow the pair to continue declining to the levels of 1.22 – 1.20.

Analysis: The development of local correction in a form of triangular fourth wave (iv) is nearing completion. Apparently, the final wave e of (iv) is forming locally. If this assumption is correct and the price does not break the critical level 1.2368, the pair will resume growth within an upward trend.

USDCAD-H1

For Detail Analysis, Trading Signals and Complete Forex Training In Urdu Call Us +92-300-6561240, Or Visit http://www.pakeagle.com.pk

USDCAD-H4

Share This Post

Related Articles

© 2017 Forex Education In Urdu. All rights reserved. Site Admin · Entries RSS · Comments RSS
Powered by PakistanOffice.Com · Designed by PakistanOffice.Com