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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
Publication Time1/9/25 8:52 AM
Direction Buy
Status Closed (1.4410)
8:52
8:52
Jan. 9, 2025
Forecast
+65 p
1.4450
Target 1
1.4385
Entry
-60 p
1.4325
Stop Loss
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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. Price broke through the MVP line and rushed up. We consider this a sign for further USDCAD price increase.
  4. The SLC indicator displays the levels where there are Stop Losses acting as targets for our trading idea.
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