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

June 3, 2021 8:26:35 AM by Alex Zarevich
Forecast Details
Direction Sell
StatusClosed (1.2110)
Jun. 3, 2021

-45 p
Stop Loss
+50 p
Target 1
+70 p
Target 2
Chart & Analyst Comments
  1. The Current Ratio indicator have reached a critical value, too many traders expect an upward movement. In this case, we recommend to Sell only.
  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. MVP line is above the price and acts as a resistance level.
  5. The first target is at the level of the previous bottom - 1.2015, and the second one, in case of an active price decrease, is at the level - 1.1995
    index: 1x 0.049907207489014s
t_/pages/forecast: 1x 0.045320987701416s
t_/common/header-new: 1x 0.028156042098999s
t_/common/head: 1x 0.023164987564087s
t_/common/footer-new: 1x 0.0039699077606201s
router_page: 1x 0.0022659301757812s
router: 1x 0.0010530948638916s
t_/popups/on-download: 1x 0.00079107284545898s
service-routes: 1x 0.00042891502380371s
router_redirection: 1x 0.0001978874206543s
t_/popups/zoom: 1x 1.9073486328125E-5s
----- END OF DUMP (2022-11-30 04:18:11)  -----