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

March 4, 2020 6:50:22 PM by Alexander Zorevyk
Forecast Details
PairUSDCAD
Direction Buy
StatusClosed (1.3435)
18:46
18:46
Mar. 4, 2020

+65 p
1.3500
Target 1
1.3435
Entry
-64 p
1.3370
Stop Loss
Chart & Analyst Comments
The market has stabilized, the first signs of an uptrend appeared
  1. The Current Ratio indicator have reached a critical value, too many traders expect a downward movement. In this case, we recommend to Buy only.
  2. Downward price movement is accompanied by reversal signals of Profit Ratio indicator.
  3. The activity of "fresh" bears while the upward movement may indicate that the market crowd still does not believe in a Bullish trend.
  4. We are focused on the breakdown of the previous peak, the target at the level of 1.35.