Header Ads Widget

Ticker

8/recent/ticker-posts

USDCAD Elliott Wave Analysis and Forecast for the Week of March 18th to March 25th

Short positions from corrections below 1.2900 with a target of 1.2024 – 1.1408 are the main scenario.

Alternative scenario: The pair will continue to rise to levels of 1.3200 – 1.3424 if it breaks out and consolidates above the level of 1.2900.

On the daily chart, a descending correction looks to be continuing as the fourth wave 4 of larger degree, with wave (C) forming inside. On the H4 chart, an ascending corrective has completed as wave 4 of (C), and the fifth wave 5 of (C) is forming. On the H1 chart, it appears that local correction ii of 5 has completed and wave iii of 5 has begun to emerge. If the prediction is true, the pair will continue to fall to 1.2024 – 1.1408 levels. In this scenario, the level of 1.2900 is crucial, as a breakout will allow the pair to continue advancing to levels of 1.3200 – 1.3424.

USDCAD Elliott Wave Analysis and Forecast for the Week of March 18th to March 25th
USDCAD Elliott Wave Analysis and Forecast for the Week of March 18th to March 25th

USDCAD Elliott Wave Analysis and Forecast for the Week of March 18th to March 25th
USDCAD Elliott Wave Analysis and Forecast for the Week of March 18th to March 25th

USDCAD Elliott Wave Analysis and Forecast for the Week of March 18th to March 25th
USDCAD Elliott Wave Analysis and Forecast for the Week of March 18th to March 25th






Post a Comment

0 Comments