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 0.046442031860352s
t_/pages/forecast: 1x 0.043369054794312s
t_/common/header-new: 1x 0.029394149780273s
t_/common/head: 1x 0.020733118057251s
t_/common/footer-new: 1x 0.0034458637237549s
router_page: 1x 0.0013589859008789s
router: 1x 0.00092601776123047s
t_/common/cookie-banner: 1x 0.00090217590332031s
t_/popups/on-download: 1x 0.00073695182800293s
service-routes: 1x 0.00044393539428711s
t_/blocks/sidebar-afil: 1x 0.00038409233093262s
router_redirection: 1x 0.00029110908508301s
t_/popups/zoom: 1x 3.9100646972656E-5s
----- END OF DUMP (2025-05-17 23:57:05)  -----