- The Current Ratio indicator have reached a critical value, too many traders expect a downward movement. In this case, we recommend to Buy only.
- The activity of "fresh" bears while the upward movement may indicate that the market crowd still does not believe in a Bullish trend.
- A long-lasting signal provided by Profit Ratio may indicate that the price is out of range movement. A continual signal from the Profit Ratio during the downtrend is natural and should not be considered as a reversal signal.
- MVP line is below the price and acts as a support level.
- The first target is at the level of the previous peak - 1.3075, and the second one, in case of an active price increase, is at the level - 1.31
USDCAD - Upward trend will continue, Long trade by market price recommended
June 20, 2022 10:15:12 AM
Forecast Details
PairUSDCAD
Direction
Buy
StatusClosed (1.2985)
+115 p
1.3100
Target 2
+90 p
1.3075
Target 1
1.2985
Entry
-95 p
1.2890
Stop Loss
Chart & Analyst Comments
