- The Current Ratio indicator have reached a critical value, too many traders expect a downward movement. In this case, we recommend to Buy only.
- The number of profitable buyers has exceeded 75%. The uptrend is in its active phase. This confirms potential for a Long trade.
- The activity of "fresh" bears while the upward movement may indicate that the market crowd still does not believe in a Bullish trend.
- MVP line is below the price and acts as a support level.
- We see an accumulation of loss sellers below the current price in the right Order Book. This cluster can act as a support.
- We should set the target of our trade at the closest level with a large number of Stop orders, as signaled by the SLC indicator.
USDCAD - Upward trend will continue, Long trade by market price recommended
December 14, 2021 8:42:03 AM
Forecast Details
PairUSDCAD
Direction
Buy
StatusClosed (1.2870)
+65 p
1.2870
Target 1
1.2805
Entry
-65 p
1.2740
Stop Loss
Chart & Analyst Comments
