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

January 20, 2022 9:33:56 AM by Alexander Zorevyk
Forecast Details
Direction Sell
StatusClosed (1.2560)
Jan. 20, 2022

-65 p
Stop Loss
+55 p
Target 1
+80 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. When the price rises, a signal is formed (orange labels), which implies a downwards movement.
  3. In this sideways movement, retail traders prefer to hold long trades. There seem to be a major player interest in an downward movement.
  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 - 1.244, and the second one, in case of an active price decrease, is at the level - 1.2415
    index: 1x 0.038047075271606s
t_/pages/forecast: 1x 0.033309936523438s
t_/common/header-new: 1x 0.020209074020386s
t_/common/head: 1x 0.016950130462646s
t_/common/footer-new: 1x 0.0030181407928467s
router_page: 1x 0.0017449855804443s
router: 1x 0.00083208084106445s
t_/popups/on-download: 1x 0.00063300132751465s
service-routes: 1x 0.00027704238891602s
router_redirection: 1x 0.0001220703125s
t_/popups/zoom: 1x 4.4107437133789E-5s
----- END OF DUMP (2022-05-19 03:05:05)  -----