Elliott Wave Forecast Team
ElliottWave-Forecast.com
Since April 22/2016 CADCHF seems to be in a Elliott Wave corrective pattern. A 7 swing WXY Elliott Wave pattern can be seen and we at EWF always encourage to buy or sell corrections on the swings 3, 7, 11. CADCHF made a bounce on the 7th swing September 27/2016 and has now dipped back to the 0.618% Fib. retracement of the September 27/2016 low. It is possible now that CADCHF can move higher from current levels. Bullish patterns, blue and red, have already retraced back to the minimum 0.50% Fib. retracement BUY triggers signalling for higher prices in the coming days and weeks. A break below September 27/2016 low will invalidate the bullish red pattern and the 7 swing Elliott Wave sequence. Any buying stops should be placed at the September 27/2016 low.
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