Wave Analysis 17.03.2015 (USD/CAD)

FXTM Online Analysis Department.

USD CAD, “US Dollar vs Canadian Dollar”

The structure of the current ascending impulse is quite unclear. One of the possible scenarios implies that the pair is forming running triangle inside wave 4 of (5) of [3], after which it may continue growing.

The correction inside wave 2 of (5) of [3] is quite complicated and long, that’s why we can say that the price is forming running triangle inside wave 4 of (5) of [3]. The pattern hasn’t been finished yet, but after it is, the market may start a new ascending movement inside wave 5 of (5) of [3].