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 0.027211904525757s
t_/pages/forecast: 1x 0.024883985519409s
t_/common/header-new: 1x 0.01599383354187s
t_/common/head: 1x 0.01318883895874s
t_/common/footer-new: 1x 0.0023770332336426s
router_page: 1x 0.00094389915466309s
router: 1x 0.0005640983581543s
t_/popups/on-download: 1x 0.00047397613525391s
t_/common/cookie-banner: 1x 0.00032305717468262s
service-routes: 1x 0.00019598007202148s
t_/blocks/sidebar-afil: 1x 0.00013995170593262s
router_redirection: 1x 0.00010514259338379s
t_/popups/zoom: 1x 1.0013580322266E-5s
----- END OF DUMP (2025-07-27 08:01:07)  -----