Neowaveanalysis
USDCAD ANALYSIS AND ELIOTT WAVEUSDCAD ANALYSIS AND ELIOTT WAVE MOVE TO TARGET
Personal consumption expenditures (PCE) are the primary measure of consumer spending on goods and services in the US economy. 1 It accounts for about two-thirds of marginal domestic expenditure and is therefore the main engine of future economic growth. PCE shows how much of the income earned by households is spent on current consumption versus how much is saved for future consumption. PCE also provides a comprehensive measure of the types of goods and services purchased by households. Thus, for example, it represents the portion of spending accounted for by discretionary items, such as motor vehicles, or adjustments that consumers make to price changes, such as a sharp increase in the price of gasoline.
JOE, with TP 1.111JOE has agreed on a price target range of 1.07-1.11 based on three major-to-minor trends.
Note: Observe that an interesting accumulation pattern and the liquidity line at 0.28
after JOE has completed its downtrend correction, as shown in the graph
Please be careful of the long upper/lower shadows behavior from JOE.
Trade safely!
RPL, the atlas upgrade, what's next?First, I have explained the reason for the current price decline after the upgrade.
Assume that the minor correction is now complete.
Based on the graph
there is a high probability that the price will drop back down to 44-45.
Please also be aware of liquidity behavior.
Have a good day!