EN

USDCAD - Upward trend will continue, Long trade by market price recommended

Alex Zarevich on FXSSI Alex Zarevich Expert
main-buy-market-trend-1
Forecast Details
PairUSDCAD
Publication Time9/2/22 11:03 AM
Direction Buy
Status Closed (1.3140)
11:03
11:03
Sep. 2, 2022
Forecast
+90 p
1.3230
Target 2
+60 p
1.3200
Target 1
1.3140
Entry
-70 p
1.3070
Stop Loss
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-buy-market-trend-1
  1. According to the most brokers’ data, more than half of the traders are currently in short positions on USDCAD. As a result, we recommend considering only Long trades at this time.
  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 MVP indicator shows the uptrend. We take this into account as one of the important factors in today's forecast.
  4. Stop loss should be taken out of the sellers cluster. If the price passes it, it will likely go on.
    index: 1x 0.028686046600342s
t_/pages/forecast: 1x 0.026289939880371s
t_/common/header-new: 1x 0.016667127609253s
t_/common/head: 1x 0.013873815536499s
t_/common/footer-new: 1x 0.0023839473724365s
router_page: 1x 0.00089502334594727s
router: 1x 0.00058698654174805s
t_/popups/on-download: 1x 0.00049185752868652s
t_/common/cookie-banner: 1x 0.00032997131347656s
service-routes: 1x 0.00020313262939453s
t_/blocks/sidebar-afil: 1x 0.00013399124145508s
router_redirection: 1x 0.00011014938354492s
t_/popups/zoom: 1x 1.215934753418E-5s
----- END OF DUMP (2025-08-14 01:42:08)  -----