EN

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

Alex Zarevich on FXSSI Alex Zarevich Expert
main-sell-market-trend-1
Forecast Details
PairUSDCAD
Publication Time7/19/23 11:58 AM
Direction Sell
Status Closed (1.3120)
11:58
11:58
Jul. 19, 2023
Forecast
-65 p
1.3250
Stop Loss
1.3185
Entry
+65 p
1.3120
Target 1
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-sell-market-trend-1
  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. MVP line is above the price and acts as a resistance level.
  3. Stop loss should be taken out of the buyers cluster. If the price passes it, it will likely go on.
  4. Set Take Profit at the local low, beyond which there is a cluster of orders.
    index: 1x 0.04339599609375s
t_/pages/forecast: 1x 0.0401611328125s
t_/common/header-new: 1x 0.024864912033081s
t_/common/head: 1x 0.019787073135376s
t_/common/footer-new: 1x 0.0041699409484863s
router_page: 1x 0.0013229846954346s
router: 1x 0.00096607208251953s
t_/popups/on-download: 1x 0.00078606605529785s
t_/common/cookie-banner: 1x 0.00051093101501465s
t_/blocks/sidebar-afil: 1x 0.00035905838012695s
service-routes: 1x 0.00031495094299316s
router_redirection: 1x 0.00015377998352051s
t_/popups/zoom: 1x 2.1219253540039E-5s
----- END OF DUMP (2025-03-14 13:39:03)  -----