USD/СAD: Elliott Wave Analysis and Forecast for 07.03.25 – 14.03.25
Major Takeaways
Main scenario: Once the correction ends, consider long positions above the level of 1.4160 with a target of 1.4800 – 1.5200. A buy signal: the level of 1.4160 is broken to the upside. Stop Loss: below 1.4100, Take Profit: 1.4800 – 1.5200. Alternative scenario: Breakout and consolidation below the level of 1.4160 will allow the pair to continue declining to the levels of 1.3950 – 1.3433. A sell signal: the level of 1.4160 is broken to the downside. Stop Loss: above 1.4220, Take Profit: 1.3950 – 1.3433.
USD/СAD: Elliott Wave Analysis and Forecast for 07.03.25 – 14.03.25
Major Takeaways
Main scenario: Once the correction ends, consider long positions above the level of 1.4160 with a target of 1.4800 – 1.5200. A buy signal: the level of 1.4160 is broken to the upside. Stop Loss: below 1.4100, Take Profit: 1.4800 – 1.5200. Alternative scenario: Breakout and consolidation below the level of 1.4160 will allow the pair to continue declining to the levels of 1.3950 – 1.3433. A sell signal: the level of 1.4160 is broken to the downside. Stop Loss: above 1.4220, Take Profit: 1.3950 – 1.3433.
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