Help Ukraine! Today, Ukraine Is Fighting for Freedom and the Future of Democracy in Europe. Help Ukraine! Donate Verified Charity

USDCAD - Downward trend will continue, Short trade by market price recommended

August 11, 2021 7:11:20 AM by Alexander Zorevyk
Forecast Details
Direction Sell
StatusClosed (1.2505)
Aug. 11, 2021

-65 p
Stop Loss
+75 p
Target 1
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. We are seeing an increase in Buy positions by market crowd, who are replenishing an already large number of "locked up" losing Buy positions.
  3. When the price rises, a signal is formed (orange labels), which implies a downwards movement.
  4. MVP line is above the price and acts as a resistance level.
  5. Here is the crucial stop loss level to serve as a goal for our Sell trade idea.
    index: 1x 0.039175987243652s
t_/pages/forecast: 1x 0.034754991531372s
t_/common/header-new: 1x 0.022603988647461s
t_/common/head: 1x 0.018534183502197s
t_/common/footer-new: 1x 0.0027289390563965s
router_page: 1x 0.0024850368499756s
router: 1x 0.00081300735473633s
t_/popups/on-download: 1x 0.00054597854614258s
service-routes: 1x 0.00031304359436035s
router_redirection: 1x 0.00015902519226074s
t_/popups/zoom: 1x 3.9815902709961E-5s
----- END OF DUMP (2022-07-05 18:18:07)  -----