USD/CAD Forecast today 27th July, 2017

USD/CAD Forecast today 27th July, 2017

Share This!

USD/CAD Forecast today

USD/CAD Forecast today in 15 Minutes chart

The bearish trend is present in USD/CAD currency pair, 15 minutes time frame based on USD/CAD Forecast today. As I have forecasted few hours ago, the price of USD/CAD pair is going to drop up now on a short-term basis to prints a Bearish Contracting Triangle Elliott wave pattern and traders should look for a sell trade. So, all those Forex traders who have followed my analysis have made the right decision as price has descended.

Strong key resistance level is present at 1.2466 price area which is the termination point of bullish wave a leg. In my judgment, price action in USD/CAD currency pair is now moving sideways to down to print a Bearish Contracting Triangle pattern. So, after that market is going to resume the down trend to prints bearish wave v leg. Based on Elliott wave analysis, the current bearish wave v which is part of a larger Wave 5 Impulse leg.

Currently, Bearish Contracting Triangle pattern at wave iv looks in-complete. So, a good idea is to first wait out side of the market and allow price action of USD/CAD to print the remaining triangle legs. Next, look for a possible sell trading chance to join the down trend around 1.2415 price area.

However; if the price of USD/CAD currency pair breaks above 1.2466 vital resistance level then down trend is going to end. In such a market scenario, it would be best not to trade the Forex market and re-do the USD/CAD Elliott wave analysis in fifteen minutes chart.

If you are a trader who prefer to use robots and EAs to automate your trades and make them very profitable for you or require very good forex/stock training resources, please check this page.

👉 Want to make money automatically with Bitcoin and Cryptocurrencies without the risk of trading yourself? Are you ready for self-custody of your investment funds? Do you like the sound of regular consistent results and profitable performance? Tired of the forex and crypto scams, false promises and games out there designed to separate you from your hard earned funds? Stop everything! ETBOT is for you! With the ETBOT software, only YOU are in control of your investment funds. The software works using API Key connections that only YOU set up and control. The ETBOT service and mother company EndoTech has been making investors hundreds of percent a year in proven gains since 2012! They use the volatility of the Crypto market to trade long and short using breakout techniques and strategies powered by real Artificial Intelligence. This year so far ETBOT has made over 75% for clients since January 1st, 2020. If you are ready to leave the trading to the professionals and upgrade your monthly income, now is the time, head to ETBOT now and buy your subscription to get started. PS: ETBOT is a Profitable Forex/Crypto Trading Bot. 100% Verified and Recommended by


Now, at this point; I must acknowledge that the trend is also bearish in higher time frame of USD/CAD currency pair.

USD/CAD Forecast today in 4 Hours chart

Below is the 4 hours chart of USD/CAD pair with my Elliott wave analysis which shows us a big picture and a well started bearish trend as well.

USD/CAD Forecast today

To me; price is trying to complete the Bearish Impulse Elliott wave Pattern. Now, market is falling down to complete the Bearish Impulse wave 5 leg. The bearish wave 5 which is the last and final leg as well is going to complete the bearish Impulse Elliott Wave pattern. Within the Bearish Impulse Elliott wave pattern – all sub-waves must sub-divides into 1, 2, 3, 4 and 5 impulse wave pattern.

The following Elliott Wave Bearish Impulse diagram shows us a completed Bearish Impulse Wave pattern within the frame work of Elliott wave principle.

Bearish Impulse Wave

Based on my USD/CAD Forecast today in 4 hours chart, we have got an in-complete Bearish Impulse wave 5 pattern. Now, price is probably going to drop more to complete the Bearish wave 5 leg. To me; in fifteen minutes chart of USD/CAD currency pair the bullish leg in price action is just a pull back in a down trend as mentioned above as a bearish wave iv corrective triangle pattern.

Strong key resistance level is present at 1.2543 in USD/CAD four hours chart. So, I expect market to falls down more now to complete the bearish wave 5 leg which is going to complete Bearish Impulse Wave pattern. So, in my opinion market is going to remain sideways and then resume the down trend in USD/CAD currency pair, in 4 hours chart.

However; price should stays below 1.2543 resistance area in 4 hours time frame to keep the down trend alive. A clear bullish break out in price action above 1.2543 resistance area will end down trend and in such a market scenario, it would be best not to trade the market and re-analyze USD/CAD 4 hours chart.


Based on USD/CAD Forecast today the trend is down in 4 hours chart and a good idea is to look for a sell trade around 1.2441 price area, as price is going to drop more towards 1.2395 but a clear bullish break out in price action above 1.2543 vital resistance area will end the down trend. On a short term basis, it is again a bearish trend in USD/CAD 15 minutes time frame and a good idea is to take a sell trade around 1.2415 price level and price is probably going to drop towards 1.2400 price level. However; if the price of USD/CAD currency pair breaks above 1.2466 vital resistance level then bearish trend is going to end. We recommend trading with these top-rated brokers when using our signals/analyses/forecasts as they handle your trades quicker and more efficiently with very low spreads and most of them have high trade execution rate.

If You'd Like to Get Notified When This Site is Updated, Subscribe Below...

Leave a Reply

Your email address will not be published. Required fields are marked *

IQ Mining

Binary Option Scams, Warnings, Reviews & Updates...


Popular Articles

Follow Us will not be liable for any damages incurred due to the usage of any information displayed on this website. The information and trading guides found on the website constitute the authors’ opinion only. Trading Forex, Binary options and Cryptocurrencies involve high-risk and are not suitable for all investors. Online trading in general, may not be legal in your jurisdiction. It’s visitors’ responsibility to make sure these entities are legal in their jurisdiction before engaging in trading activity… Read More

Show Buttons
Hide Buttons