EN

USDCAD - Downward trend will continue, Short trade by market price recommended

Alex Zarevich on FXSSI Alex Zarevich Expert
main-sell-market-trend-1
Forecast Details
PairUSDCAD
Publication Time7/1/24 8:41 AM
Direction Sell
Status Closed (1.3700)
8:41
8:41
Jul. 1, 2024
Forecast
-30 p
1.3700
Stop Loss
1.3670
Entry
+30 p
1.3640
Target 1
Related Links
How to use MT4/5 Indicators Tools
Recommended by FXSSI
XM Group
2009
Visit Website
Your capital is at risk. *T&Cs apply

Chart & Analyst Comments

main-sell-market-trend-1
  1. The ratio of buyers and sellers is close to parity, it's time to think about price turning down.
  2. The Ratios indicator shows the change in the ratio of market players towards buyers. Their increase while the downtrend may indicate the activity of averaging traders. This can serve as "fuel" for further downtrend.
  3. We see an accumulation of loss buyers above the current price in the right Order Book. This cluster can act as a resistance.
  4. The given Stop Losses of market participants are on the same level as the previous low, which will serve as the target for our trade.
    index: 1x 0.051473140716553s
t_/pages/forecast: 1x 0.046447992324829s
t_/common/header-new: 1x 0.026793003082275s
t_/common/head: 1x 0.019641876220703s
t_/common/footer-new: 1x 0.0037519931793213s
router: 1x 0.0013210773468018s
router_page: 1x 0.0012729167938232s
t_/common/cookie-banner: 1x 0.0006721019744873s
t_/popups/on-download: 1x 0.00065302848815918s
t_/blocks/sidebar-afil: 1x 0.00037384033203125s
service-routes: 1x 0.00036382675170898s
router_redirection: 1x 0.00021910667419434s
t_/popups/zoom: 1x 4.4107437133789E-5s
----- END OF DUMP (2025-01-26 05:51:01)  -----