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

September 1, 2021 7:21:58 AM by Alex Zarevich
Forecast Details
Direction Sell
StatusClosed (1.2590)
Sep. 1, 2021

-65 p
Stop Loss
+70 p
Target 1
Chart & Analyst Comments
  1. According to the most brokers’ data, more than half of the traders are currently in long positions on USDCAD. As a result, we recommend considering only Short trades at this time.
  2. In this sideways movement, retail traders prefer to hold long trades. There seem to be a major player interest in an downward movement.
  3. Upward price movement is accompanied by reversal signals of Profit Ratio indicator.
  4. The risk-to-profit ratio allows us to set Take Profit for a Short trade at 1.2535
    index: 1x 0.044059038162231s
t_/pages/forecast: 1x 0.041231870651245s
t_/common/header-new: 1x 0.030504941940308s
t_/common/head: 1x 0.017043113708496s
t_/common/footer-new: 1x 0.0023651123046875s
router_page: 1x 0.0015220642089844s
router: 1x 0.00071501731872559s
t_/popups/on-download: 1x 0.00048995018005371s
service-routes: 1x 0.00028300285339355s
router_redirection: 1x 0.0001370906829834s
t_/popups/zoom: 1x 1.2874603271484E-5s
----- END OF DUMP (2022-11-30 03:16:11)  -----