Elliott Wave Conjecture

Market Predictions based on Elliott Wave Theory and Traditional Technical Analysis

Friday, December 18, 2009

USD/CAD Daily Chart Trend Line Break

Here is a daily chart of the USD/CAD pair, which has finally closed above an incredibly important trend line which has been resistance for almost 5 months. Look to buy on a pullback to resistance, at around 1.065 with a stop at 1.04.

Jared at 12:10 PM

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Jared: Brisbane, Queensland, Australia; I have been using Elliott Wave Theory for several years now and use it in combination with traditional technical analysis methods to assist me with my trading. My main focus is on currency analysis (FX) however I also analyze commodities and equity markets for their correlational importance. You can reach me on email at ewforex(at)gmail(dot)com.

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