- 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 Delta of the Profit Ratio indicator exceeds the threshold value of 2%. An increase of USDCAD price is expected.
- The last downward movement was characterized by a “surge” in retail sellers. This is a good reason to start thinking about long positions.
- MVP line is below the price and acts as a support level.
- We are setting Stop Loss for our Buy trade at the level with the lowest amount of stop losses of other market participants.
- The SLC indicator displays a cluster of Stop Losses and Stop orders at the previous high level, which according to our forecast, is good for placing Take Profit.
Chart & Analyst Comments
