USDCAD - Downward trend will continue, Short trade by market price recommended
December 18, 2019 6:15:20 PM
Forecast Details
PairUSDCAD
Direction
Sell
StatusClosed
-60 p
1.3175
Stop Loss
1.3115
Entry
+60 p
1.3055
Target 1
About Author
Alexander Zorevyk
Expert
Related Links
Buy or Sell
More Pairs
Thanks for Voting!
Buy
Sell
Look like you are with the Crowd.
Fix it with Sentiment Strategy
Fix it with Sentiment Strategy
Congratulations! According to Sentiment Strategy you’ve made a right
decision.
You've already voted this pair. You can vote again later (when?) or try voting other
pair.
Total votes: 4
Buy or Sell
Chart & Analyst Comments
- Majority of traders are still holding onto Longs. This means we should continue to Sell USDCAD.
- The activity of "fresh" bulls while the downward movement may indicate that the market crowd still does not believe in a Bearish trend.
- The present level of MVP, which is above the current price, favors Sell Orders.
- Stop loss should be taken out of the buyers cluster. If the price passes it, it will likely go on.
