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USDCAD - Downward trend will continue, Short trade by market price recommended

Alex Zarevich on FXSSI Alex Zarevich Expert
main-sell-market-trend-1
Forecast Details
PairUSDCAD
Publication Time9/24/24 7:21 AM
Direction Sell
Status Closed (1.3490)
7:21
7:21
Sep. 24, 2024
Forecast
-30 p
1.3545
Stop Loss
1.3515
Entry
+25 p
1.3490
Target 1
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Chart & Analyst Comments

main-sell-market-trend-1
  1. The Current Ratio indicator, which is used for quick market sentiment analysis, provides Sell signal at the moment.
  2. MVP line is above the price and acts as a resistance level.
  3. Stop loss should be taken out of the buyers cluster. If the price passes it, it will likely go on.
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