- Analyzing the market sentiment with Current Ratio indicator, we see a formed signal that confirms our idea of Sell Order.
- When the price rises, a signal is formed (orange labels), which implies a downwards movement.
- The decrease in the sellers volume, together with the increase in the buyers volume, confirms the need to Sell according to our trading idea.
- Price broke through the MVP line and rushed down. We consider this a sign for further USDCAD price decrease.
- We are focused on the breakdown of the previous bottom, the target at the level of 1.2635.
Chart & Analyst Comments
