USDCAD- Short term uptrend before going down.
Based on the wave theory, I believe there will be another 5th wave impulse before we see a continues downtrend to complete the major C wave.
In this regard, we may expect a short term uptrend as the market wait for good news to take the risk out of their trade. As long as there is no clear direction between US-CHINA
trade war, Bombing in Saudi and other Geo-Political issues, the investors might hold the USD as a risk creeps in the market.
If you have comments regarding my chart, write it down in the comments below.
In this regard, we may expect a short term uptrend as the market wait for good news to take the risk out of their trade. As long as there is no clear direction between US-CHINA
trade war, Bombing in Saudi and other Geo-Political issues, the investors might hold the USD as a risk creeps in the market.
If you have comments regarding my chart, write it down in the comments below.
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