Help Ukraine! Today, Ukraine Is Fighting for Freedom and the Future of Democracy in Europe. Help Ukraine! Donate Verified Charity
EN

USDCAD - Upward trend will continue, Long trade by market price recommended

December 22, 2021 11:58:50 AM by Alexander Zorevyk
Forecast Details
PairUSDCAD
Direction Buy
StatusClosed (1.2835)
11:52
11:52
Dec. 22, 2021
+65 p
1.2965
Target 1
1.2900
Entry
-65 p
1.2835
Stop Loss
Chart & Analyst Comments
main-buy-market-trend-1
  1. The Current Ratio indicator have reached a critical value, too many traders expect a downward movement. In this case, we recommend to Buy only.
  2. The Delta of the Profit Ratio indicator exceeds the threshold value of 2%. An increase of USDCAD price is expected.
  3. The last downward movement was characterized by a “surge” in retail sellers. This is a good reason to start thinking about long positions.
  4. MVP line is below the price and acts as a support level.
  5. We are setting Stop Loss for our Buy trade at the level with the lowest amount of stop losses of other market participants.
  6. 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.
    index: 1x 0.049176931381226s
t_/pages/forecast: 1x 0.044770002365112s
t_/common/header-new: 1x 0.026035070419312s
t_/common/head: 1x 0.021135091781616s
t_/common/footer-new: 1x 0.0041229724884033s
router_page: 1x 0.0025768280029297s
router: 1x 0.0010581016540527s
t_/popups/on-download: 1x 0.0008699893951416s
service-routes: 1x 0.00044393539428711s
router_redirection: 1x 0.00020289421081543s
t_/popups/zoom: 1x 2.0980834960938E-5s
----- END OF DUMP (2022-07-02 01:57:07)  -----