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

March 10, 2020 6:43:14 AM by Alexander Zorevyk
Forecast Details
PairUSDCAD
Direction Buy
StatusClosed (1.371)
6:40
6:40
Mar. 10, 2020

+69 p
1.3710
Target 1
1.3640
Entry
-80 p
1.3560
Stop Loss
Chart & Analyst Comments
USDCAD - Upward trend will continue, Long trade by market price recommended
  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. In this sideways movement, retail traders prefer to hold short trades. There seem to be a major player interest in an upward movement.
  3. The present level of MVP, which is below the current price, favors Buy Orders.
  4. Here is the crucial stop loss level to serve as a goal for our Buy trade idea.