{"id":52692,"date":"2014-06-12T11:05:59","date_gmt":"2014-06-12T15:05:59","guid":{"rendered":"http:\/\/countingpips.com\/?p=52692"},"modified":"2014-06-12T11:05:59","modified_gmt":"2014-06-12T15:05:59","slug":"elliott-wave-forecast-usdcad-seeks-corrective-pullback","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2014\/06\/elliott-wave-forecast-usdcad-seeks-corrective-pullback\/","title":{"rendered":"Elliott Wave Forecast: USDCAD Seeks Corrective Pullback"},"content":{"rendered":"
June 12, 2014<\/div>
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USDCAD Daily<\/b><\/p>\n

On USDCAD we are tracking a deep but still corrective price action from start of the year. We are looking at wave 4) that is part of an big impulsive rally from a weekly chart. Usually fourth waves will find a support around 28 or 50% retracement level compared to wave 3) which in our case comes in around 1.0730. As such, we see pair now trading down within final stages of a corrective retracement, so we need to be aware of a bullish reversal, probably at the start of June.<\/p>\n

USDCAD Daily Elliott Wave Analysis<\/i><\/p>\n

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USDCAD Four Hour <\/b><\/p>\n

USDCAD may continue lower in June as rally from early May can be finished flat correction with its 3-3-5 structure. The reason is recent reversal down from 1.0958 that looks like an impulse in progress after recent extensions down from 1.0920. We suspect that market will re-test levels from early May and possible move down towards 1.0750.<\/p>\n

USDCAD 4h Elliott Wave Analysis<\/i><\/p>

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USDCAD Daily On USDCAD we are tracking a deep but still corrective price action from start of the year. We are looking at wave 4) that is part of an big impulsive rally from a weekly chart. Usually fourth waves will find a support around 28 or 50% retracement level compared to wave 3) which […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-52692","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/52692","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=52692"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/52692\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=52692"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=52692"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=52692"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}