USDCAD: Elliott wave analysis and forecast for 24.03.2023 – 31.03.2023
Main scenario: consider long positions above the level of 1.3485 with a target of 1.4054 – 1.4300 once a correction formed. Alternative scenario: breakout and consolidation below the level of 1.3485 will allow the pair to continue declining to the levels of 1.3400 – 1.3260. Analysis: the fifth wave of larger degree 5 is presumably developing on the daily chart, with wave (3) of 5 forming as its part. The third wave 3 of (3) continues developing on the H4 chart, with a correction completed as wave iv of 3. Wave v of 3 is currently developing. Apparently, the first... Read full author’s opinion and review in blog of #LiteFinance
Main scenario: consider long positions above the level of 1.3485 with a target of 1.4054 – 1.4300 once a correction formed.
Alternative scenario: breakout and consolidation below the level of 1.3485 will allow the pair to continue declining to the levels of 1.3400 – 1.3260.
Analysis: the fifth wave of larger degree 5 is presumably developing on the daily chart, with wave (3) of 5 forming as its part. The third wave 3 of (3) continues developing on the H4 chart, with a correction completed as wave iv of 3. Wave v of 3 is currently developing. Apparently, the first... Read full author’s opinion and review in blog of #LiteFinance
