- The ratio of buyers and sellers is close to parity, it's time to think about price turning down.
- The activity of "fresh" bulls while the downward movement may indicate that the market crowd still does not believe in a Bearish trend.
- Price broke through the MVP line and rushed down. We consider this a sign for further USDCAD price decrease.
- The Profit Ratio reversal indicator doesn't react on downward movement. This means that the movement is not fake.
- The first target is at the level of the previous bottom - 1.372, and the second one, in case of an active price decrease, is at the level - 1.37
Chart & Analyst Comments
