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Buy
Analysis of the Canadian dollar based on Elliott waves in the long-term and medium-term weekly time frames
In the long term, from 2015 to 2023, the market fluctuates in a rectangular range with the main support of 1.20220 and the main resistance of 1.45555.
And in the medium term, there is a possibility of forming a correction triangle of 5 waves, the most important support is the number 1.33333 and as long as the price maintains this number as a support, it can continue to climb to the first target of 1.42000 and target Second 1.45000
The important support number that the buyer should pay attention to is 1.33333.
Buy
Analysis of the Canadian dollar based on Elliott waves in the long-term and medium-term weekly time frames
In the long term, from 2015 to 2023, the market fluctuates in a rectangular range with the main support of 1.20220 and the main resistance of 1.45555.
And in the medium term, there is a possibility of forming a correction triangle of 5 waves, the most important support is the number 1.33333 and as long as the price maintains this number as a support, it can continue to climb to the first target of 1.42000 and target Second 1.45000
The important support number that the buyer should pay attention to is 1.33333.