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 0.050631046295166s
t_/pages/forecast: 1x 0.047402143478394s
t_/common/header-new: 1x 0.033271074295044s
t_/common/head: 1x 0.020259141921997s
t_/common/footer-new: 1x 0.0037579536437988s
router_page: 1x 0.0012040138244629s
router: 1x 0.0010659694671631s
t_/popups/on-download: 1x 0.00076103210449219s
t_/common/cookie-banner: 1x 0.00069284439086914s
service-routes: 1x 0.0004119873046875s
t_/blocks/sidebar-afil: 1x 0.0002601146697998s
router_redirection: 1x 0.00023221969604492s
t_/popups/zoom: 1x 1.7881393432617E-5s
----- END OF DUMP (2025-06-01 00:46:06)  -----