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 0.030049085617065s
t_/pages/forecast: 1x 0.028380870819092s
t_/common/header-new: 1x 0.016886949539185s
t_/common/head: 1x 0.013871908187866s
t_/common/footer-new: 1x 0.0028989315032959s
router_page: 1x 0.00078105926513672s
t_/popups/on-download: 1x 0.00054383277893066s
router: 1x 0.00050902366638184s
t_/common/cookie-banner: 1x 0.00031495094299316s
t_/blocks/sidebar-afil: 1x 0.00020503997802734s
service-routes: 1x 0.00019121170043945s
router_redirection: 1x 0.00010514259338379s
t_/popups/zoom: 1x 2.3126602172852E-5s
----- END OF DUMP (2025-09-04 08:59:09)  -----