Logo-color Logo-white

Hello traders, welcome to a new blog post. Today, we will discuss USDCAD as the pair is set to break out of a range that has lasted over two years. How soon can the breakout happen? In May 2021, USDCAD completed a five-year-long bearish corrective cycle that started in January 2016. Since then, the long-term […]

The post Elliott Wave Analysis: USDCAD Turning Upside from Sideways appeared first on Action Forex.

previous

Stock Routs Undermine the Image of Ethereum ETF Launch

next

U.S. Economic Resilience on Display in the Second Quarter

Read More

16/09/2024

EUR/USD Outlook: Euro Rises Further on Weaker Dollar

EURUSD rises for the third straight day, benefiting from weaker dollar on speculations of the magnitude of Fed’s rate cut on Wednesday. Recovery leg from a higher base (formed after a double rejection just above psychological 1.10 support) retraced so far 61.8% of 1.1201/1.1002 pullback, adding to upside prospects. Improved picture on daily chart (MA’s […]
08/10/2024

Silver (XAGUSD) Buying the Dips at the Blue Box Area

In this technical article we’re going to take a quick look at the Elliott Wave charts of Silver (XAGUSD ) commodity , published in members area of the website. As our members know, Silver has recently given us correction against the September 6th low. The commodity reached our target zone and completed correction right at […]
20/11/2024

Pound Falls Despite Acceleration in Inflation

UK inflation beat expectations and accelerated markedly, but this only temporarily boosted the Pound. GBPUSD came under further selling when it broke above 1.2700. CPI rose 0.6% in October, and annual inflation accelerated from 1.7% to 2.3%, the highest since March. These fluctuations around the target do not yet look like a significant threat of […]