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USDCAD correction could be drawing to an end; USD/CHF

Commodity currencies are strong, but still not bullish on the bigger trend. All we see are deep corrections, and the one on USDCAD can already be in the late stages. We are looking at wave (c) now that can make another low at 1.1180 or even 1.1100. But, we suspect that sooner or later the pair will find support and send the price up, into a new bullish impulse.  USDCAD 1h Elliott Wave Analysis

usdcad Elliott Wave analysis technical outlook for currency trading November 24 2014

The Swiss franc is showing a bearish wave structure against the USD. We are now looking at wave 4 that can make a pullback even back to 0.9660, where we see the former wave four and the 38.2% Fibonacci retracement level. Once those levels are seen we will look up for wave 5 towards 0.9760/0.9800.
USDCHF 1h Elliott Wave Analysis

usdchf Elliott Wave analysis technical outlook for currency trading November 24 2014

Gregor Horvat

Gregor Horvat

Grega Horvat Grega is based in Slovenia and has been involved in markets since 2003. He is the owner of Ew-Forecast, but before that he was working for Capital Forex Group and TheLFB.com. His feature articles have been published on FXstreet.com, Thestreet.com, Action forex, Forex TV, Istockanalyst, ForexFactory, Fxtraders.eu, Insidefutures.com, etc. He recently won the award on FXStreet.com for Best Forex Analysis in 2016. At Ew-forecast he helps clients and educates them about the Elliott wave principle and how to label and track unfolding patterns in real time. His approach to the markets is mainly technical. He uses a lot of different methods when analyzing the markets such as candlestick patterns, MA, technical indicators etc. His specialty, however, is Elliott Wave Theory which could be very helpful especially if you know how to use it in combination with other tools/indicators. EW-Forecast To be involved in the market effectively, you need the right guidance and resources, and our team can help you to achieve that. Our team is providing advanced informations about Elliott Wave theory in real time. The Elliott Wave Principle gives you a method for identifying the behavior of the markets and at what points the market is most likely to turn. We help new traders who are interested in Elliott Wave theory to understand it correctly. We are doing our best to explain our views as simple as possible with educational goal, because knowledge itself is power!