- 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.
- The MVP indicator shows the uptrend. We take this into account as one of the important factors in today's forecast.
- The first target is at the level of the previous peak - 1.3565, and the second one, in case of an active price increase, is at the level - 1.36
USDCAD - Upward trend will continue, Long trade by market price recommended
September 23, 2022 7:02:04 AM
Forecast Details
PairUSDCAD
Direction
Buy
StatusClosed (1.3565)
+110 p
1.3600
Target 2
+75 p
1.3565
Target 1
1.3490
Entry
-90 p
1.3400
Stop Loss
Chart & Analyst Comments
