USD/CAD is testing key technical levels amid shifts in oil prices and diverging U.S.-Canada economic data. Support at 1.3630 and resistance near 1.3800 are crucial for the near-term trend. Strong momentum indicators suggest bullish continuation but caution near overbought RSI. Insights from Adam Button, ForexLive via TradingView.
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The Canadian dollar gained ground against the US dollar early December 3 as a softer greenback and improved global risk sentiment lifted demand for commodity-linked currencies. Weak U.S. economic data has fueled expectations of Federal Reserve easing in 2026, pressuring Treasury yields and the USD. Meanwhile, firmer oil prices and steady market optimism continue to support the loonie’s outlook.
Elliott Wave analysis of the S&P 500 as of December 3, 2025, shows the index nearing completion of a five-wave impulse pattern since the March 2020 low. The current Wave V appears extended but may signal an impending multi-month correction or trend reversal. Caution advised despite ongoing bullish momentum. Full update by EWM Interactive. #ElliottWave #SP500 #MarketAnalysis
As of December 3, 2025, the Elliott Wave analysis of the S&P 500 suggests the market is completing a large five-wave impulsive advance that began in late 2022. The current extended fifth wave rally shows signs of maturity—momentum divergences, declining volume, and Fibonacci extensions near typical targets point to a potential terminal pattern forming. This may signal the onset of a corrective phase, possibly an A-B-C retracement, after strong multi-year gains fueled by favorable macroeconomic conditions. Investors should watch for confirmation of trend reversal signals as the wave count implies a shift in market sentiment is imminent.
Original insights from EWM Interactive combined with additional technical reviews provide a comprehensive roadmap for positioning ahead of this critical juncture.
Elliott Wave update on the S&P 500 as of Dec 3, 2025: After completing wave A of a major Cycle degree correction, wave B rally has topped early 2024, and the index is now entering wave C down. Expect a five-wave impulse potentially pushing below 2022 lows toward 3200+ over the next year or more. A complex correction may extend into 2026, signaling caution amid ongoing macro and policy risks. Full analysis by Ivo Liiho at EWM Interactive. #ElliottWave #SP500
Elliott Wave analysis of the S&P 500 as of December 3, 2025, suggests the completion of a major five-wave impulse since the 2020 pandemic low. After a strong rally driven by tech gains, the market appears to be entering a corrective Wave IV phase marked by increased volatility and sideways to downward pressure. This sets the stage for a potential fifth wave, but ongoing macroeconomic challenges and sentiment shifts warrant close monitoring before new highs are made. Stay tuned for further updates as patterns develop. #ElliottWave #SP500 #MarketUpdate
Elliott Wave analysis of the S&P 500 as of December 3, 2025, indicates the index has likely completed a five-wave impulse off 2022 lows, with Wave 3 as the dominant rally driven by strong earnings and AI innovation. Current conditions suggest a corrective phase (Wave 4) amid central bank tightening and geopolitical risks. Traders should watch for the next price cycle and confirmation of Wave 5’s potential to assess market direction. Insight originally from EWM Interactive, enhanced with broader macro and technical context.
S&P 500 Elliott Wave Update (Dec 3, 2025): The ongoing rally since 2020 appears to be in the final stages of a large five-wave impulse. Wave V has extended longer than expected with waning momentum and weakening breadth signaling a possible major cycle top approaching in early 2026. Technical divergences, elevated valuations, and overheated bullish sentiment all support caution as this extended bull run ages. Stay tuned for a critical inflection point ahead.
USD/CAD breaks above 1.40, driven by retreating oil prices and growing risk aversion in global markets. Weaker Canadian economic data and a resilient US economy keep pressure on the loonie, while safe-haven demand boosts the dollar to multi-month highs.
