The market has stabilized, the first signs of a downtrend appeared

July 9, 2020 7:08:16 AM by Alexander Zorevyk
Forecast Details
Direction Sell
StatusClosed (1.3600)
Jul. 9, 2020

-65 p
Stop Loss
+55 p
Target 1
+80 p
Target 2
Chart & Analyst Comments
  1. According to the most brokers’ data, more than half of the traders are currently in long positions on USDCAD. As a result, we recommend considering only Short trades at this time.
  2. The Ratios indicator shows the change in the ratio of market players towards buyers. Their increase while the downtrend may indicate the activity of averaging traders. This can serve as "fuel" for further downtrend.
  3. MVP line is above the price and acts as a resistance level.
  4. We see an accumulation of loss buyers above the current price in the right Order Book. This cluster can act as a resistance.
  5. The drop in price will be accompanied by triggering of the market crowd’s Stop Losses, which in turn will serve as a “fuel” for the downward movement.
    index: 1x 0.033616065979004s
t_/pages/forecast: 1x 0.030985116958618s
t_/common/header-new: 1x 0.019484996795654s
t_/common/head: 1x 0.016509056091309s
t_/common/footer-new: 1x 0.0023789405822754s
router_page: 1x 0.0015189647674561s
router: 1x 0.00072312355041504s
t_/popups/on-download: 1x 0.0005030632019043s
service-routes: 1x 0.00031280517578125s
router_redirection: 1x 0.0001370906829834s
t_/popups/zoom: 1x 3.8862228393555E-5s
----- END OF DUMP (2021-12-01 16:23:12)  -----