USD/CAD: Bullish impulse is calling for a breakoutJul 29, 2024

USDCAD is making a pretty strong rise after the Bank of Canada lowered rates by 25 basis points as expected this month. The price is now testing the major trend line resistance of higher degree triangle on the daily chart, connected from October 2022, and we are wondering if will breakout, which is certainly possible in a risk-off environment, with lower stocks and also lower crude oil.

Elliott Wave Webinar

FED is coming! Whats next for the USD?

Read More

Funded Trader Program

The funded trader program is online trading on a demo account where traders can prove their trading skills on different account size. If they are successful based on specific rules then traders will be funded on a real trading account and make money from the profits.

Read More

Learn Elliott Waves

Video lessons about the Elliott Wave theory. Access to more than 7 hours of educational material

Read More
USDCAD Elliott Wave Analysis

Become a premium member

Get daily Elliott Wave updates for CRYPTO, FIAT, SP500, gold, silver, crude etc. or apply for unlimited access to the Elliot Wave educational videos.

Register and look inside of our members area

Do you find this interesting? Subscribe to our newsletter and stay up to date.

In our newsletter you will find all the news and macro reports about Forex, Crypto, Commodities and more. Don't miss a thing!

    DISCLAIMER

    Any reviews, news, analysis, prices or other information contained on our website is provided as general market commentary and delivered electronically through a distribution channel to larger number of clients, therefore does not constitute investment advice or investment research. We are not trading advisors. Most of our work is for educational purposes only, with information based on Elliott Wave theory in real time. Trading forex, futures, options, stocks, cryptocurrenices or any another trading market carries a high level of risk, and may not be suitable for all investors.

    The possibility exists that you could lose some or all of your initial investment; therefore you should not invest money that you cannot afford to lose. Our website and the information that we provide should not be relied upon as a substitute for extensive independent research before making your investment decisions. In no event will we be liable for any loss or damage on your account in connection with, the use of our products. For any real cash investments you have to contact your financial advisor.

    Any information or material contained on our website is owned by Val Global d.o.o.. Reproduction is prohibited without Val Global d.o.o. prior license in writing.

    By continuing to use the site, you agree to the use of cookies. Learn more.

    The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.

    Close