The market has stabilized, the first signs of an uptrend appeared

June 17, 2022 5:02:26 AM by Alex Zarevich
Forecast Details
PairUSDCAD
Direction Buy
StatusClosed (1.2925)
5:02
5:02
Jun. 17, 2022

+100 p
1.3025
Target 2
+70 p
1.2995
Target 1
1.2925
Entry
-70 p
1.2855
Stop Loss
Chart & Analyst Comments
main-buy-trend-2
  1. Since the CurrentRatio sentiment indicator informs us that the market crowd is selling, we should consider sticking to Buy Orders.
  2. In this sideways movement, retail traders prefer to hold short trades. There seem to be a major player interest in an upward movement.
  3. MVP line is below the price and acts as a support level.
  4. The first target is at the level of the previous peak - 1.2995, and the second one, in case of an active price increase, is at the level - 1.3025
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