The market has stabilized, the first signs of a downtrend appeared
April 22, 2021 6:29:00 AM
Forecast Details
PairUSDCAD
Direction
Sell
StatusClosed (1.2475)
-100 p
1.2630
Stop Loss
1.2530
Entry
+90 p
1.2440
Target 1
About Author
Alexander Zorevyk
Expert
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Total votes: 2
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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.
- The activity of "fresh" bulls while the downward movement may indicate that the market crowd still does not believe in a Bearish trend.
- The Profit Ratio reversal indicator doesn't react on downward movement. This means that the movement is not fake.
- MVP line is above the price and acts as a resistance level.
- We are focused on the breakdown of the previous bottom, the target at the level of 1.244.
