FX Week

Candollar ready to fly

The US dollar has been within a rising trend versus the Canadian dollar from 1991 until the present. This long-term uptrend has encompassed a move from a low of 1.1193 in November 1991 to the recent all-time high of 1.6194, established in January 2002. Interestingly, the all-time high at 1.6194 completed a five-wave Elliott Wave sequence that indicates we are in a longer-term topping pattern in US$/C$. This view is reinforced by the fact that we are currently within a five-year rising wedge

To continue reading...

You need to sign in to use this feature. If you don’t have a FX Week account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: