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
Publish Time10/6/22 10:02 AM
Direction Buy
Status Closed (1.3730)
9:32
9:32
Oct. 6, 2022
Forecast
+75 p
1.3730
Target 1
1.3655
Entry
-80 p
1.3575
Stop Loss
Related Links
How to use MT4/5 Indicators Tools

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. In this sideways movement, retail traders prefer to hold short trades. There seem to be a major player interest in an upward movement.
  3. MVP line is below the price and acts as a support level.
  4. Set Take profit at the local price maximum.
    index: 1x 0.035669088363647s
t_/pages/forecast: 1x 0.032825946807861s
t_/common/header-new: 1x 0.020175933837891s
t_/common/head: 1x 0.017036914825439s
t_/common/footer-new: 1x 0.0028290748596191s
router_page: 1x 0.0012550354003906s
router: 1x 0.00068020820617676s
t_/popups/on-download: 1x 0.00059103965759277s
service-routes: 1x 0.00034379959106445s
router_redirection: 1x 0.00018596649169922s
t_/common/cookie-banner: 1x 1.9073486328125E-5s
t_/popups/zoom: 1x 1.5020370483398E-5s
----- END OF DUMP (2023-10-05 03:20:10)  -----