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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 Time1/14/25 7:58 AM
Direction Buy
Status Closed (1.4330)
7:58
7:58
Jan. 14, 2025
Forecast
+85 p
1.4460
Target 2
+55 p
1.4430
Target 1
1.4375
Entry
-50 p
1.4325
Stop Loss
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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 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. Set Take profit at the local price maximum.
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