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 Time8/6/24 7:18 AM
Direction Buy
Status Closed (1.3785)
7:18
7:18
Aug. 6, 2024
Forecast
+50 p
1.3885
Target 1
1.3835
Entry
-50 p
1.3785
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 last downward movement was characterized by a “surge” in retail sellers. This is a good reason to start thinking about long positions.
  3. MVP line is below the price and acts as a support level.
    index: 1x 0.044697999954224s
t_/pages/forecast: 1x 0.042237043380737s
t_/common/header-new: 1x 0.029599905014038s
t_/common/head: 1x 0.024509906768799s
t_/common/footer-new: 1x 0.0026581287384033s
router_page: 1x 0.0013821125030518s
router: 1x 0.00061202049255371s
t_/common/cookie-banner: 1x 0.00059294700622559s
t_/popups/on-download: 1x 0.00059294700622559s
service-routes: 1x 0.00023603439331055s
t_/blocks/sidebar-afil: 1x 0.00014305114746094s
router_redirection: 1x 0.00011992454528809s
t_/popups/zoom: 1x 1.3113021850586E-5s
----- END OF DUMP (2024-12-21 13:08:12)  -----