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 0.02628493309021s
t_/pages/forecast: 1x 0.024286031723022s
t_/common/header-new: 1x 0.016016960144043s
t_/common/head: 1x 0.013153076171875s
t_/common/footer-new: 1x 0.0021758079528809s
router_page: 1x 0.0010199546813965s
router: 1x 0.00054502487182617s
t_/popups/on-download: 1x 0.00044012069702148s
t_/common/cookie-banner: 1x 0.00032997131347656s
service-routes: 1x 0.00019502639770508s
t_/blocks/sidebar-afil: 1x 0.00014305114746094s
router_redirection: 1x 9.1075897216797E-5s
t_/popups/zoom: 1x 3.2186508178711E-5s
----- END OF DUMP (2025-11-09 09:17:11)  -----