EN

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 Time10/12/22 11:18 AM
Direction Buy
Status Closed (1.3795)
11:18
11:18
Oct. 12, 2022
Forecast
+85 p
1.3880
Target 2
+60 p
1.3855
Target 1
1.3795
Entry
-55 p
1.3740
Stop Loss
Related Links
How to use MT4/5 Indicators Tools
Recommended by FXSSI
XM Group
2009
Visit Website
Your capital is at risk. *T&Cs apply

Chart & Analyst Comments

main-buy-market-trend-1
  1. According to the most brokers’ data, more than half of the traders are currently in short positions on USDCAD. As a result, we recommend considering only Long trades at this time.
  2. The activity of "fresh" bears while the upward movement may indicate that the market crowd still does not believe in a Bullish trend.
  3. The MVP indicator shows the uptrend. We take this into account as one of the important factors in today's forecast.
  4. The first target is at the level of the previous peak - 1.3855, and the second one, in case of an active price increase, is at the level - 1.388
    index: 1x 0.046905040740967s
t_/pages/forecast: 1x 0.043879985809326s
t_/common/header-new: 1x 0.027981996536255s
t_/common/head: 1x 0.020092964172363s
t_/common/footer-new: 1x 0.0035171508789062s
router: 1x 0.0012102127075195s
router_page: 1x 0.0010590553283691s
t_/common/cookie-banner: 1x 0.00078487396240234s
t_/popups/on-download: 1x 0.00056314468383789s
service-routes: 1x 0.0005500316619873s
t_/blocks/sidebar-afil: 1x 0.00033807754516602s
router_redirection: 1x 0.0003058910369873s
t_/popups/zoom: 1x 1.5974044799805E-5s
----- END OF DUMP (2025-06-01 02:57:06)  -----