FX.co ★ USD/CAD

Hello everyone! So, the analysis of the USD/CAD currency pair on the 4-hour chart, using a multi-timeframe approach, has identified two equally probable scenarios. The comprehensive analysis includes: - Elliott Wave Theory (EWA) - MACD histogram (Moving Average Convergence Divergence indicator) - Exponential Moving Averages (Smoothed, periods 55, 89, 144) Currently, both scenarios have equal chances of playing out. However, if the current descending zigzag transforms into an impulse, priority will be given to the southern scenario.