Help Ukraine! Today, Ukraine Is Fighting for Freedom and the Future of Democracy in Europe. Help Ukraine! Donate Verified Charity
EN

USDCAD - Upward trend will continue, Long trade by market price recommended

September 7, 2022 3:40:11 PM by Alexander Zorevyk
Forecast Details
PairUSDCAD
Direction Buy
StatusClosed (1.3110)
15:40
15:40
Sep. 7, 2022
+60 p
1.3230
Target 1
1.3170
Entry
-60 p
1.3110
Stop Loss
Chart & Analyst Comments
main-buy-market-trend-1
  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. The activity of "fresh" bears while the upward movement may indicate that the market crowd still does not believe in a Bullish trend.
  3. MVP line is below the price and acts as a support level.
  4. Stop loss should be taken out of the sellers cluster. If the price passes it, it will likely go on.
  5. Set Take Profit at the local high, beyond which there is a cluster of orders.
    index: 1x 0.042541980743408s
t_/pages/forecast: 1x 0.038665056228638s
t_/common/header-new: 1x 0.020060062408447s
t_/common/head: 1x 0.016309022903442s
t_/common/footer-new: 1x 0.0051200389862061s
router_page: 1x 0.0020718574523926s
router: 1x 0.001011848449707s
t_/popups/on-download: 1x 0.00092887878417969s
service-routes: 1x 0.00040102005004883s
router_redirection: 1x 0.00014281272888184s
t_/popups/zoom: 1x 6.103515625E-5s
----- END OF DUMP (2022-10-05 06:06:10)  -----