USDCAD - Upward trend will continue, Long trade by market price recommended
April 8, 2020 6:26:06 AM
Forecast Details
PairUSDCAD
Direction
Buy
StatusClosed (1.4065)
+85 p
1.4150
Target 1
1.4065
Entry
-85 p
1.3980
Stop Loss
About Author
Alexander Zorevyk
Expert
Related Links
Buy or Sell
More Pairs
Thanks for Voting!
Buy
Sell
Look like you are with the Crowd.
Fix it with Sentiment Strategy
Fix it with Sentiment Strategy
Congratulations! According to Sentiment Strategy you’ve made a right
decision.
You've already voted this pair. You can vote again later (when?) or try voting other
pair.
Total votes: 0
Buy or Sell
Chart & Analyst Comments
- Majority of traders are still holding onto Shorts. This means we should continue to Buy USDCAD.
- The activity of "fresh" sellers in a downtrend may indicate that the market expects the recovery of the bear trend. However, according to our analysis, this movement is corrective and we expect the price to go up
- The Profit Ratio reversal indicator doesn't react on upward movement. This means that the movement is not fake.
- Stop loss should be taken out of the sellers cluster. If the price passes it, it will likely go on.
