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

August 8, 2019 11:19:11 AM by Alexander Zorevyk
Forecast Details
PairUSDCAD
Direction Buy
StatusClosed (1.324)
11:11
11:11
Aug. 8, 2019

+69 p
1.3370
Target 1
1.3300
Entry
-60 p
1.3240
Stop Loss
Chart & Analyst Comments
USDCAD - Upward trend will continue, Long trade by market price recommended
  1. The Current Ratios indicator, which serves as a quick assessment of market sentiment, currently signals long.
  2. We see a sharp increase in sell orders as indicated by a number of brokers, which may indicate an act of a major market player. Expected upward movement.
  3. The activity of "fresh" sellers in an uptrend may indicate that the market crowd still does not believe in a bullish trend.