just now

Liquidity Finder Ltd is incorporated in England and Wales, company number 10610740, registered address 167-169 Great Portland Street, Fifth Floor, London W1W 5PF, United Kingdom.
Published: just now
![USD/CAD Relief Rally Underway [Elliott Wave]](/_next/image?url=https%3A%2F%2Fmedia.liquidityfinder.com%2Fu%2Flegacy%2F1772715847192-usdcad-relief-rally-underway-elliott-wave.jpg&w=1200&q=75)

A medium-term bottom was found for USD/CAD on Monday, June 16. Our Elliott wave analysis suggests the low is the end of a 3rd wave and the current rally is a fourth wave.
The wave ((iii)) decline needed three months and 1,000 pips to unfold to the downside. The larger downtrend does appear incomplete, but a relief rally is needed to consolidate the recent losses.
Using Elliott wave as our guide, it is common for 4th waves to retrace a Fibonacci 38% of the 3rd wave. This would set an upward target near 1.3914. If USDCAD were to rally near this level, then we’ll review the maturity of the wave count and be on alert for another top in wave ((iv)).
You’ll also notice a trend line dating back to 2021 that USDCAD has broken down. It is common that when support is broken, it acts like new resistance in the future.
Therefore, USD/CAD may retest this trend line from the bottom side. The trend line is currently passing through just above 1.38. Look for this trend line and the Fibonacci 38% retracement level to offer resistance between 1.38-1.3914.
USD/CAD appears to have reached a medium-term bottom in wave ((iii)). This implies a wave ((iv)) rally that likely reaches 1.3914. Additionally, a broken support trend line dating back to 2021 is looming nearby.
We anticipate the rally to be a partial retracement higher that leads to new lows below 1.3538.
You might be interested in…
https://alchemymarkets.com/education/market-insights/elliott-wave/eurusd-diagonal-rally/
Alchemy Markets is a multi-asset brokerage providing retail traders with the same elite trading conditions, tools, and transparency typically reserved for institutions.
Select the categories and companies you wish to follow directly to your person rss feed.
Create Custom RSS FeedSign up and join over 5,000 professional members who receive personalized news alerts, curated professional connections, and more for free!
FxPro has eliminated spreads on Bitcoin, Ethereum, Dow and Nasdaq100 CFDs through its Raw+ account, backed by deep liquidity for both minimum and high-volume trades. The broker has also cut Standard account spreads by nearly 80%, with Jakub Soltys, Head of Execution, citing demand for lower-cost market access.
Explore the growing operational challenges brokers face and why visibility and control are becoming critical for success.
Looking at the latest AUD/CHF price action, the bearish trend continues. Discover the high-probability break and retest setup you need to watch right now.
This explains behind West Texas Intermediate market overview of oil as inventories decline and headlines impact the prices still dropping.
The dollar breaks its channel as June consumer confidence misses hard, and the chart was already leaning that way before the data confirmed it.
Slippage, requotes, and fill latency aren't just client experience issues — they're early risk signals most brokers collect but don't act on in real time.
Want to master a price action strategy? Learn how to read market structure, spot support and resistance, and find high-probability setups in any market.
Zerohash has launched Portfolio Strategies, enabling brokerages and wealth platforms to create, manage, and rebalance crypto portfolios across all investors via a single integration. Copy trading platform dub has signed on as launch partner, having also served as a design partner in the product's development.
Fund infrastructure provider trademakers, a brand of Sterling Gent Trading Ltd (SGT), is making the case for a modern alternative to the MAM and PAMM account structures that money managers have relied on since the early 2000s.
London-based FCA-regulated agency broker Alp Financial (AlpFin) has appointed Tal Dar as Managing Director in the UK, LiquidityFinder can reveal. Dar joins from multi-asset broker Vantage UK, where he led institutional sales for the firm's Vantage Connect business.