- According to the most brokers’ data, more than half of the traders are currently in long positions on USDCAD. As a result, we recommend considering only Short trades at this time.
- The increase in buyers is observed both in the downward movement and in the retracement movements. Retail traders still believe in the possibility of price increase.
- Upward price movement is accompanied by reversal signals of Profit Ratio indicator.
- While in flat, the price often crosses the MVP line, since it reflects price balance. Today's short-term Sell forecast aims to cross this line.
- The first target is at the level of the previous bottom - 1.2625, and the second one, in case of an active price decrease, is at the level - 1.26
Chart & Analyst Comments
