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

January 20, 2022 9:33:56 AM by Alex Zarevich
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 0.035043001174927s
t_/pages/forecast: 1x 0.031651020050049s
t_/common/header-new: 1x 0.019818067550659s
t_/common/head: 1x 0.016094207763672s
t_/common/footer-new: 1x 0.0024549961090088s
router_page: 1x 0.0016169548034668s
router: 1x 0.00072002410888672s
t_/popups/on-download: 1x 0.0004880428314209s
service-routes: 1x 0.00030779838562012s
router_redirection: 1x 0.00012898445129395s
t_/popups/zoom: 1x 1.3828277587891E-5s
----- END OF DUMP (2022-11-30 04:50:11)  -----