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 0.039190769195557s
t_/pages/forecast: 1x 0.036473989486694s
t_/common/header-new: 1x 0.023760795593262s
t_/common/head: 1x 0.018635988235474s
t_/common/footer-new: 1x 0.00347900390625s
router_page: 1x 0.0012059211730957s
router: 1x 0.00086402893066406s
t_/popups/on-download: 1x 0.00072979927062988s
t_/common/cookie-banner: 1x 0.00043702125549316s
service-routes: 1x 0.00039410591125488s
router_redirection: 1x 0.0002129077911377s
t_/blocks/sidebar-afil: 1x 0.00020194053649902s
t_/popups/zoom: 1x 2.598762512207E-5s
----- END OF DUMP (2025-05-09 03:12:05)  -----