USDCAD: Elliott wave analysis and forecast for 19.04.24 – 26.04.24
Main scenario: consider long positions from corrections above the level of 1.3657 with a target of 1.4000 – 1.4200. Alternative scenario: breakout and consolidation below the level of 1.3657 will allow the pair to continue declining to the levels of 1.3418 – 1.3170. Analysis: the ascending first wave of larger degree (1) continues developing on the daily time frame, with wave 5 of (1) forming as its part. The third wave of smaller degree iii of 5 is developing on the H4 chart, with wave (iii) of iii forming within. Apparently, wave iii of (iii) of iii is developing on... Read full author’s opinion and review in blog of #LiteFinance
Main scenario: consider long positions from corrections above the level of 1.3657 with a target of 1.4000 – 1.4200.
Alternative scenario: breakout and consolidation below the level of 1.3657 will allow the pair to continue declining to the levels of 1.3418 – 1.3170.
Analysis: the ascending first wave of larger degree (1) continues developing on the daily time frame, with wave 5 of (1) forming as its part. The third wave of smaller degree iii of 5 is developing on the H4 chart, with wave (iii) of iii forming within. Apparently, wave iii of (iii) of iii is developing on... Read full author’s opinion and review in blog of #LiteFinance
