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 Time7/16/24 7:24 AM
Direction Buy
Status Closed (1.3715)
7:24
7:24
Jul. 16, 2024
Forecast
+60 p
1.3750
Target 1
1.3690
Entry
-60 p
1.3630
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 ratio of buyers and sellers is close to parity, it's time to think about price turning up.
  2. Analyzing the positions ratio, we see that most traders are currently in Shorts, which also combines with the original idea.
  3. Stop loss should be taken out of the sellers cluster. If the price passes it, it will likely go on.
  4. Price broke through the MVP line and rushed up. We consider this a sign for further USDCAD price increase.
    index: 1x 0.049049139022827s
t_/pages/forecast: 1x 0.04478907585144s
t_/common/header-new: 1x 0.02883505821228s
t_/common/head: 1x 0.019546985626221s
t_/common/footer-new: 1x 0.0045158863067627s
router_page: 1x 0.0018579959869385s
router: 1x 0.0011088848114014s
t_/common/cookie-banner: 1x 0.0010209083557129s
t_/popups/on-download: 1x 0.00075006484985352s
service-routes: 1x 0.00041103363037109s
t_/blocks/sidebar-afil: 1x 0.00026202201843262s
router_redirection: 1x 0.00022697448730469s
t_/popups/zoom: 1x 4.7922134399414E-5s
----- END OF DUMP (2025-02-05 05:53:02)  -----