Solid News

USDCAD, Elliot Wave Analysis

1/4/2023 10:30 AM

The possibility of growth remains.

On the daily chart, there is a development of the ascending fifth wave of the higher level 5 and wave (3) of 5. At the moment, wave 5 of (3) is also being built, in which wave i of 5 has already appeared, local correction ii of 5 has completed and wave iii of 5 is developing. If the assumption is correct, the upward dynamics of the USD/CAD pair will continue to the area of 1.3978–1.4500. The level of 1.3480 is critical and stop-loss for this scenario.

Solid ECN Securities and it affiliates don't accept applications from Indonesia, Egypt, Australia, Bonaire, Curaçao, East Timor, Liberia, Saipan, Russia, Sint Eustatius, Tahiti, Turkey, Guinea-Bissau, South Sudan and other restricted countries.
Copyright All Right Reserved 2023