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

September 11, 2019 7:30:57 AM by Alexander Zorevyk
Forecast Details
PairUSDCAD
Direction Sell
StatusClosed (1.3205)
7:29
7:29
Sep. 11, 2019

-55 p
1.3205
Stop Loss
1.3150
Entry
+54 p
1.3095
Target 1
Chart & Analyst Comments
USDCAD - Downward trend will continue, Short trade by market price recommended
  1. Analyzing the ratio of the trader positions, we see a formed signal that confirms our sell forecast.
  2. The Current Ratios indicator demonstrates a change in the ratio of players in the market towards buyers. Their increase while the trend is still going downwards may indicate the activity of averaging traders. This can only serve as "fuel" for further downtrend.
  3. MVP line is above the price and acts as a resistance level.
  4. Here is the crucial stop loss level to serve as a goal for our trading idea.