Forex

EURCAD And GBPCAD Update: Pairs Are Coming Lower Within Projected Higher Degree CorrectionsSep 18, 2023

EURCAD and GBPCAD pairs are coming lower within projected higher degree corrections by Elliott wave theory.

If you remember our article from July 26, when we mentioned and highlighted about higher degree corrections on EURCAD and GBPCAD pairs, we can see them now coming impulsively down within wave C of a higher degree A-B-C corrective decline as expected. CLICK HERE

EURCAD is actually looking for more weakness to complete a five-wave cycle of the lower degree. So, watch our for a short-term bearish continuation into lower support levels down to 1.41 – 1.40 area after an intraday 4th wave pullbacks.

EURCAD And GBPCAD Update: Pairs Are Coming Lower Within Projected Higher Degree Corrections EURCAD 4H Chart
EURCAD 4H Chart

Even GBPCAD pair has room for more downside pressure to complete a five-wave cycle within wave C with room down to 1.65 – 1.60 support zone, just be aware of short-term 4th wave pullbacks.

EURCAD And GBPCAD Update: Pairs Are Coming Lower Within Projected Higher Degree Corrections GBPCAD 4H Chart
GBPCAD 4H Chart

Become a premium member

Get daily Elliott Wave updates for SP500,DAX, GOLD, SILVER, CRUDE, FX, CRYPTO, etc. or apply for unlimited access to the Elliot Wave educational videos.

Register and look inside of our members area

GBPJPY Can Be Eyeing 190 Area. Check our blog HERE.

Do you find this interesting? Subscribe to our newsletter and stay up to date.

In our newsletter you will find all the news and macro reports about Forex, Crypto, Commodities and more. Don't miss a thing!

    DISCLAIMER

    Any reviews, news, analysis, prices or other information contained on our website is provided as general market commentary and delivered electronically through a distribution channel to larger number of clients, therefore does not constitute investment advice or investment research. We are not trading advisors. Most of our work is for educational purposes only, with information based on Elliott Wave theory in real time. Trading forex, futures, options, stocks, cryptocurrenices or any another trading market carries a high level of risk, and may not be suitable for all investors.

    The possibility exists that you could lose some or all of your initial investment; therefore you should not invest money that you cannot afford to lose. Our website and the information that we provide should not be relied upon as a substitute for extensive independent research before making your investment decisions. In no event will we be liable for any loss or damage on your account in connection with, the use of our products. For any real cash investments you have to contact your financial advisor.

    Any information or material contained on our website is owned by Val Global d.o.o.. Reproduction is prohibited without Val Global d.o.o. prior license in writing.

    By continuing to use the site, you agree to the use of cookies. Learn more.

    The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.

    Close