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

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

March 11, 2021 7:21:33 AM by Alexander Zorevyk
Forecast Details
PairUSDCAD
Direction Sell
StatusClosed (1.2640)
7:19
7:19
Mar. 11, 2021

-60 p
1.2700
Stop Loss
1.2640
Entry
+60 p
1.2580
Target 1
+85 p
1.2555
Target 2
Chart & Analyst Comments
main-sell-trend-2
  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. In this sideways movement, retail traders prefer to hold long trades. There seem to be a major player interest in an downward movement.
  3. The number of profitable sellers has exceeded 75%. The downtrend is in its active phase. This confirms potential for a Short trade.
  4. MVP line is above the price and acts as a resistance level.
  5. The first target is at the level of the previous bottom - 1.258, and the second one, in case of an active price decrease, is at the level - 1.2555
    index: 1x 0.035229921340942s
t_/pages/forecast: 1x 0.032500028610229s
t_/common/header-new: 1x 0.01992392539978s
t_/common/head: 1x 0.016676902770996s
t_/common/footer-new: 1x 0.0027220249176025s
router_page: 1x 0.0014688968658447s
router: 1x 0.00066494941711426s
t_/popups/on-download: 1x 0.00059199333190918s
service-routes: 1x 0.00026392936706543s
router_redirection: 1x 0.00011897087097168s
t_/popups/zoom: 1x 1.5974044799805E-5s
----- END OF DUMP (2022-07-05 18:33:07)  -----