The market has stabilized, the first signs of a downtrend appeared
February 22, 2021 8:44:07 AM
Forecast Details
PairUSDCAD
Direction
Sell
StatusClosed (1.267)
-80 p
1.2750
Stop Loss
1.2670
Entry
+70 p
1.2600
Target 1
+100 p
1.2570
Target 2
About Author
Alexander Zorevyk
Expert
Related Links
Buy or Sell
More Pairs
Thanks for Voting!
Buy
Sell
Look like you are with the Crowd.
Fix it with Sentiment Strategy
Fix it with Sentiment Strategy
Congratulations! According to Sentiment Strategy you’ve made a right
decision.
You've already voted this pair. You can vote again later (when?) or try voting other
pair.
Total votes: 9
Buy or Sell
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.
- We are seeing an increase in Buy positions by market crowd, who are replenishing an already large number of "locked up" losing Buy positions.
- When the price rises, a signal is formed (orange labels), which implies a downwards movement.
- The present level of MVP, which is above the current price, favors Sell Orders.
- The price decrease will be accompanied by the trigger of market crowds’ stop losses, which in turn will serve as a "fuel" for the downward movement.
