From a technical stand point, It's always better to have a clear Elliot Wave cycle on top of a solide strong Cross-price Matrix setup. That is exactly the case we have with the USD/CAD.
We have been following up on the USD/CAD technical situation for quit some time, waiting for the right moment to strike. Earlier this week that moment had arrived when the USD/CAD crossed over it's 200 daily M.A, and that's after taking it's previous lows and beginning to turn around.
According to our analysis, the USD/CAD may very well be in early stages of what could turn to be quit a significant upside trend. We have set our primary price target and final destination at the powerfull key level of 1.3765. Below you can find the USD/CAD video analytics that was published on our Members Area just a couple of days ago. Enjoy ! |