The market has stabilized, the first signs of a downtrend appeared
May 19, 2021 6:08:29 AM
Forecast Details
PairUSDCAD
Direction
Sell
StatusClosed (1.21)
-70 p
1.2170
Stop Loss
1.2100
Entry
+65 p
1.2035
Target 1
+100 p
1.2000
Target 2
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: 6
Buy or Sell
Chart & Analyst Comments
- The Current Ratio indicator have reached a critical value, too many traders expect an upward movement. In this case, we recommend to Sell only.
- We are seeing an increase in Buy positions by market crowd, who are replenishing an already large number of "locked up" losing Buy positions.
- The Profit Ratio reversal indicator doesn't react on downward movement. This means that the movement is not fake.
- The MVP indicator shows the downtrend. We take this into account as one of the important factors in today's forecast.
- The first target is at the level of the previous bottom - 1.2035, and the second one, in case of an active price decrease, is at the level - 1.2
