(CAD| USD) Forex Trading Analysis Today Forex Forecast | Mar 27, 2024 | CADUSD Analysis

in Forex Update4 months ago

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Forex Trading Analysis

Hello Guys today is Friday March 29th 2024 I am going to analyze USD card currency pair let us start the top to bottom Eliot wave analysis inside daily time frame the trend is up in USD CAD currency pair daily time frame support is present at $1.3091 price level price action is most likely going to move up to print bullish wave D after that I expect bearish wave e pullback which is going to complete overall wave X triangle Elliot wave pattern next Market is probably going to rise up to print bullish Wave Y double zigzag like incoming trading days uh decisive bearish break below $1.3091 support area is going to end up trending daily chart of USD CAD currency pair

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At 4H time frame price action is printing higher swing highs and higher swing lows to me USD CAD pair Trend looks up in 4hour time frame

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At 1 hour time frame the trend is up in 1 hour chart in a day support is present at $1.3496 price level price action is most likely going to rise up to print bullish wave three impulse leg which offers a chance to join an uptrend in USD card pair uh decisive bearish break below $1.3496 support level is going to end up Trend in one hour chart of United States dollar versus Canadian dollar currency pair

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The green color highlighted area offers a buying opportunity which is the previous second wave lesser degree take out you must always trade with money management rules to control risk

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