USD/CAD Wave analysis and forecast for 11.04 – 18.04

USD/CAD Wave analysis and forecast for 11.04 – 18.04: The pair is likely to rise within local correction. Estimated pivot point is at the level of 1.0855.

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

Our opinion: In the short-term: buy the pair above the level of 1.0855 with the target of 1.1070 – 1.1120. In the medium-term: wait for the completion of the upward correction and sell the pair with the target of 1.0730.

Alternative scenario: Breakout of the level of 1.0855 will enable the pair to continue decline to the level of 1.0730.

Analysis: Presumably, the formation of impetus in the third wave of the long-term uptrend has completed. Locally, the fourth wave is being formed, within which downward impetus as a wave a of 4 has probably completed. If this assumption is true the bullish correction can develop in wave b of 4 to the levels of 1.1070 – 1.1120.

USDCAD-H4 USDCAD-D1

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

Share This Post

Related Articles

© 2022 Forex Education In Urdu. All rights reserved. Site Admin · Entries RSS · Comments RSS
Powered by PakistanOffice.Com · Designed by PakistanOffice.Com