USD/CAD: Elliott waves (Jan. 13)
Weekly. USD/CAD is forming a global Zigzag. Even the weekly chart shows that this Zigzag is almost complete. The most important task for the near future is to determine the reversal point.
Chart. Weekly USD/CAD
Daily. The last impulse wave is fully equipped with the minor waves. Note an interesting waveform (IV) – it’s a contracting triangle.
Chart. Daily USD/CAD
H4. We see the construction of wave V of (V). This wave is not fully complete yet. In the near future we’ll likely see a small horizontal correction in wave , and then the local growth in  will continue. When this happens, we may see a trend reversal.
Chart. H4 USD/CAD
Roman Petuchov for FBS