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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 Time10/10/24 7:31 AM
Direction Buy
Status Closed (1.3770)
7:31
7:31
Oct. 10, 2024
Forecast
+50 p
1.3770
Target 1
1.3720
Entry
-55 p
1.3665
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 MVP indicator shows the uptrend. We take this into account as one of the important factors in today's forecast.
  3. Stop loss should be taken out of the sellers cluster. If the price passes it, it will likely go on.
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