The market has stabilized, the first signs of an uptrend appeared

October 2, 2019 3:15:35 PM by Alexander Zorevyk
Forecast Details
PairUSDCAD
Direction Buy
StatusClosed (1.326)
15:13
15:13
Oct. 2, 2019

+100 p
1.3360
Target 2
+69 p
1.3330
Target 1
1.3260
Entry
-70 p
1.3190
Stop Loss
Chart & Analyst Comments
The market has stabilized, the first signs of an uptrend appeared
  1. Analyzing the market sentiment with Current Ratio indicator, we see a formed signal that confirms our idea of Buy Order.
  2. The activity of "fresh" bears while the upward movement may indicate that the market crowd still does not believe in a Bullish trend.
  3. The Profit Ratio reversal indicator doesn't react on upward movement. This means that the movement is not fake.
  4. The first target is at the level of the previous peak - 1.333, and the second one, in case of an active price increase, is at the level - 1.336