- Since the CurrentRatio sentiment indicator informs us that the market crowd is selling, we should consider sticking to Buy Orders.
- In this sideways movement, retail traders prefer to hold short trades. There seem to be a major player interest in an upward movement.
- MVP line is below the price and acts as a support level.
- 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
The market has stabilized, the first signs of an uptrend appeared
June 17, 2022 5:02:26 AM
Forecast Details
PairUSDCAD
Direction
Buy
StatusClosed (1.2925)
+100 p
1.3025
Target 2
+70 p
1.2995
Target 1
1.2925
Entry
-70 p
1.2855
Stop Loss
Chart & Analyst Comments
