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

USDCAD - Upward trend will continue, Long trade by market price recommended

May 13, 2022 6:52:49 AM by Alexander Zorevyk
Forecast Details
Direction Buy
StatusClosed (1.2925)
May 13, 2022

+85 p
Target 1
-80 p
Stop Loss
Chart & Analyst Comments
  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 increase in sellers is observed both in the upward movement and in the retracement movements. Retail traders still believe in the possibility of price decrease.
  3. MVP line is below the price and acts as a support level.
  4. Stop loss should be taken out of the sellers cluster. If the price passes it, it will likely go on.
  5. Set Take Profit at the local high, beyond which there is a cluster of orders.
    index: 1x 0.034963846206665s
t_/pages/forecast: 1x 0.03148889541626s
t_/common/header-new: 1x 0.020120859146118s
t_/common/head: 1x 0.016540050506592s
t_/common/footer-new: 1x 0.0025179386138916s
router_page: 1x 0.0018398761749268s
router: 1x 0.00088191032409668s
t_/popups/on-download: 1x 0.00049591064453125s
service-routes: 1x 0.00034594535827637s
router_redirection: 1x 0.00015497207641602s
t_/popups/zoom: 1x 3.814697265625E-5s
----- END OF DUMP (2022-05-19 02:16:05)  -----