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 Time12/14/21 8:42 AM
Direction Buy
Status Closed (1.2870)
8:39
8:39
Dec. 14, 2021
Forecast
+65 p
1.2870
Target 1
1.2805
Entry
-65 p
1.2740
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. The Current Ratio indicator have reached a critical value, too many traders expect a downward movement. In this case, we recommend to Buy only.
  2. The number of profitable buyers has exceeded 75%. The uptrend is in its active phase. This confirms potential for a Long trade.
  3. The activity of "fresh" bears while the upward movement may indicate that the market crowd still does not believe in a Bullish trend.
  4. MVP line is below the price and acts as a support level.
  5. We see an accumulation of loss sellers below the current price in the right Order Book. This cluster can act as a support.
  6. 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.
    index: 1x 0.05352520942688s
t_/pages/forecast: 1x 0.049356937408447s
t_/common/header-new: 1x 0.032235145568848s
t_/common/head: 1x 0.025104999542236s
t_/common/footer-new: 1x 0.004741907119751s
router: 1x 0.0013091564178467s
router_page: 1x 0.0012829303741455s
t_/popups/on-download: 1x 0.00086498260498047s
t_/common/cookie-banner: 1x 0.00078892707824707s
service-routes: 1x 0.00034093856811523s
t_/blocks/sidebar-afil: 1x 0.00030303001403809s
router_redirection: 1x 0.00018692016601562s
t_/popups/zoom: 1x 3.0994415283203E-5s
----- END OF DUMP (2025-05-20 17:38:05)  -----