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CADUSD, Canadian Dollar Elliott Wave Analysis Update

Currencies / US Dollar Apr 26, 2011 - 10:30 AM GMT

By: Tony_Caldaro

Currencies

Best Financial Markets Analysis ArticleIn December, we posted a write up on the CADUSD.


That report described the historical characteristics of the CAD from 1950 to present. It is a commodity driven currency like the AUD and ZAR. None of the long term, nor short term, patterns have changed at all since the last report. In fact, the CADUSD has remained in a medium term uptrend since August 2010.

We continue to label this uptrend as Minor wave A, of Intermediate wave C, of Major wave C. When the uptrend ends we should get a Minor wave B correction, and then another uptrend to complete Major wave C and Primary wave A of Cycle wave [C].

We’re expecting Primary wave A to conclude between CAD 106 and 108. At CAD 106 Primary A of [C] = Primary A of [A], and at CAD 108 Major C = 0.618 Major A. To track the CAD along with us just scroll down the following link:

CHARTS: http://stockcharts.com/...

http://caldaroew.spaces.live.com

After about 40 years of investing in the markets one learns that the markets are constantly changing, not only in price, but in what drives the markets. In the 1960s, the Nifty Fifty were the leaders of the stock market. In the 1970s, stock selection using Technical Analysis was important, as the market stayed with a trading range for the entire decade. In the 1980s, the market finally broke out of it doldrums, as the DOW broke through 1100 in 1982, and launched the greatest bull market on record. 

Sharing is an important aspect of a life. Over 100 people have joined our group, from all walks of life, covering twenty three countries across the globe. It's been the most fun I have ever had in the market. Sharing uncommon knowledge, with investors. In hope of aiding them in finding their financial independence.

Copyright © 2011 Tony Caldaro - All Rights Reserved Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors.


© 2005-2019 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


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