Help Ukraine! Today, Ukraine Is Fighting for Freedom and the Future of Democracy in Europe. Help Ukraine! Donate Verified Charity

USDCAD - Downward trend will continue, Short trade by market price recommended

March 18, 2022 1:21:21 PM by Alexander Zorevyk
Forecast Details
Direction Sell
StatusClosed (1.2580)
Mar. 18, 2022

-65 p
Stop Loss
+70 p
Target 1
+100 p
Target 2
Chart & Analyst Comments
  1. The Current Ratio indicator have reached a critical value, too many traders expect an upward movement. In this case, we recommend to Sell only.
  2. The Profit Ratio reversal indicator doesn't react on downward movement. This means that the movement is not fake.
  3. The activity of "fresh" bulls while the downward movement may indicate that the market crowd still does not believe in a Bearish trend.
  4. MVP line is above the price and acts as a resistance level.
  5. The first target is at the level of the previous bottom - 1.2565, and the second one, in case of an active price decrease, is at the level - 1.2535
    index: 1x 0.035490036010742s
t_/pages/forecast: 1x 0.031009912490845s
t_/common/header-new: 1x 0.019273996353149s
t_/common/head: 1x 0.015958070755005s
t_/common/footer-new: 1x 0.0024430751800537s
router_page: 1x 0.0016629695892334s
router: 1x 0.00084400177001953s
t_/popups/on-download: 1x 0.00051403045654297s
service-routes: 1x 0.00036501884460449s
router_redirection: 1x 0.00013303756713867s
t_/popups/zoom: 1x 1.5974044799805E-5s
----- END OF DUMP (2022-05-19 02:19:05)  -----