Elliott Wave Analysis: EURCAD Trading In Final Wave Five; A Reversal May Be Near
|EURCAD may have just found a base of wave iv) around the 1.4560 region, from where a sharp bounce followed. This bounce may now be sub-wave v) of five, with still more upside to go. But beware, we are following a five wave impulse to the upside, and next reversal may unfold as a higher degree three wave decline.
EURCAD, 1H
Take Your 1€ Trial Today And Get Similar Forecast Daily On 18 Markets at - EW-Forecast.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.