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 0.063002824783325s
t_/pages/forecast: 1x 0.054136991500854s
t_/common/header-new: 1x 0.034447908401489s
t_/common/head: 1x 0.024787902832031s
t_/common/footer-new: 1x 0.0057549476623535s
router: 1x 0.0018670558929443s
router_page: 1x 0.0017790794372559s
t_/popups/on-download: 1x 0.001147985458374s
t_/common/cookie-banner: 1x 0.00084900856018066s
service-routes: 1x 0.00046682357788086s
t_/blocks/sidebar-afil: 1x 0.00035810470581055s
router_redirection: 1x 0.00026893615722656s
t_/popups/zoom: 1x 6.8902969360352E-5s
----- END OF DUMP (2025-05-09 06:20:05)  -----