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 0.040591955184937s
t_/pages/forecast: 1x 0.038613080978394s
t_/common/header-new: 1x 0.022860050201416s
t_/common/head: 1x 0.018931865692139s
t_/common/footer-new: 1x 0.0042338371276855s
router_page: 1x 0.00094103813171387s
t_/popups/on-download: 1x 0.00083804130554199s
router: 1x 0.00083494186401367s
t_/common/cookie-banner: 1x 0.00053501129150391s
service-routes: 1x 0.00028610229492188s
t_/blocks/sidebar-afil: 1x 0.00023698806762695s
router_redirection: 1x 0.00015497207641602s
t_/popups/zoom: 1x 2.6941299438477E-5s
----- END OF DUMP (2026-04-23 06:30:04)  -----