USDСAD: Elliott wave analysis and forecast for 19.07.24 – 26.07.24

Highlights and key points

Main scenario: consider short positions from corrections below the level of 1.3788 with a target of 1.3352 – 1.3166. A sell signal: after the level of 1.3788 is broken. Stop Loss: 1.3850. Take Profit: 1.3166.
Alternative scenario: breakout and consolidation above the level of 1.3788 will allow the pair to continue rising to the levels of 1.4000 – 1.4200. A buy signal: after the level of 1.3788 is broken. Stop Loss: 1.3700. Take Profit: 1.4200.

Main scenario

Consider short positions from corrections below the level of 1.3788 with a target of 1.3352 – 1.3166. 

Alternative scenario… Read full author’s opinion and review in blog of #LiteFinance