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 0.037896871566772s
t_/pages/forecast: 1x 0.035551071166992s
t_/common/header-new: 1x 0.025735855102539s
t_/common/head: 1x 0.02223801612854s
t_/common/footer-new: 1x 0.002687931060791s
router_page: 1x 0.00091314315795898s
router: 1x 0.00064492225646973s
t_/popups/on-download: 1x 0.00058293342590332s
t_/common/cookie-banner: 1x 0.00040102005004883s
service-routes: 1x 0.00023007392883301s
t_/blocks/sidebar-afil: 1x 0.00016188621520996s
router_redirection: 1x 0.00010800361633301s
t_/popups/zoom: 1x 1.3113021850586E-5s
----- END OF DUMP (2025-11-12 08:51:11)  -----