#USDCAD 1 HR #ElliottWave Count

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USDCAD 1 HR Elliott Wave Count

The USDCAD came vary close to breaking that latest swing high of 1.31851 but just could not do it.  I do believe that the USDCAD has ended the circle B and the circle C wave is about to start or already has started.  I like to wait for at least the recent swing high to break before trying a long here. 

USDCAD 1 HR Elliott Wave Count

#USDCAD 1 HR #ElliottWave Count

USDCAD 1 HR Elliott Wave Count

I would love to say thing is done with the correction but waiting patiently for at least 1.3185 to break to the upside.

USDCAD 1 HR Elliott Wave Count

#USDCAD 1 HR #ElliottWave Count

USDCAD 1 HR Elliott Wave Count

I still have not given up on the Leading Diagonal.  I think we could see one more spike down to 1.30738 before moving higher.

Still waiting for the buy signal. 

USDCAD 1 HR Elliott Wave Count

#USDCAD 1 HR #ElliottWave Count

USDCAD 1 HR Elliott Wave Count

Still looking for 1.3115 to hold but skating on thin ice here.  If it does not hold I do not expect it to fall much farther as 1.3042 is the low for the larger Leading Diagonal A wave.  Still waiting for a possible long entry.

USDCAD 1 HR Elliott Wave Count

#USDCAD 1 HR #ElliottWave Count

USDCAD 1 HR Elliott Wave Count

It looks like the 5 up could be playing out here with the 1.3115 low holding on this pullback.  A break above 1.3185 could lead to a move toward 1.3400

USDCAD 1 HR Elliott Wave Count

#USDCAD 1 HR #ElliottWave Count

USDCAD 1 HR Elliott Wave Count

IF the USDCAD B wave is complete the pair should see a move back above 1.3326 toward 1.3400.

USDCAD 1 HR Elliott Wave Count

#USDCAD 1 HR #ElliottWave Count

USDCAD 1 HR Elliott Wave Count

The USDCAD may have bottomed today in the 1.3115 area, this area is the wave 2 low of the Leading Diagonal and just short of the two equal waves targets.  

A move back above 1.3205 would have me looking at a move above 1.3326 toward the 1.3400 area.  

USDCAD 1 HR Elliott Wave Count

#USDCAD 4 HR #ElliottWave Count

USDCAD 4 HR Elliott Wave Count

With the possible Leading Diagonal up from 1.30422 I am looking for that move up to 1.3400 while that low holds.  We could see this circle b wave correction ending near the 1.3100 area.  

USDCAD 4 HR Elliott Wave Count

#USDCAD Weekly - Daily & 4HR #ElliottWave Counts

USDCAD Weekly - Daily & 4HR #ElliottWave Counts

USDCAD Weekly


The Elliott Wave Count I am showing on the weekly chart is looking like a Leading or Ending Diagonal.  I do not have enough data to know for sure but I am going with the Ending Diagonal Version.  A break above the 2002 High of 1.5980 could make this a C wave of a larger degree B wave.  If that is the case I would except a move back down toward the .9000 mark over the coming years.

#USDCAD Weekly ElliottWave Count

USDCAD Daily Elliott Wave Count

From the wave (4) low near 1.20600, the USDCAD Daily Elliott Wave Count is showing an abc up for A followed by a Double Combo WXY down for B.  The (c) wave of y looks to be ending in and Ending Diagonal Formation.  A break above the 1.3145 would signal the end of this Ending Diagonal and possibly the start of the larger degree C wave up toward that 2002 high at 1.5980.

USDCAD Daily Elliott Wave Count

USDCAD 4 HR Elliott Wave Count

The 4 HR USDCAD Elliott Wave Count is showing the abc down for y of B.  The C wave looks to be playing out as an Ending Diagonal but the pair needs to break above the 1.3145 before we can have any confidence that the Ending Diagonal is complete.  It is very possible the spike up today is still part of the wave iv of the End Diagonal and we will see another low yet before higher.

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