The market has stabilized, the first signs of a downtrend appeared

August 26, 2021 6:55:12 AM by Alexander Zorevyk
Forecast Details
PairUSDCAD
Direction Sell
StatusClosed (1.2620)
6:53
6:53
Aug. 26, 2021

-75 p
1.2720
Stop Loss
1.2645
Entry
+75 p
1.2570
Target 1
+110 p
1.2535
Target 2
Chart & Analyst Comments
main-sell-trend-2
  1. The Current Ratio indicator have reached a critical value, too many traders expect an upward movement. In this case, we recommend to Sell only.
  2. In this sideways movement, retail traders prefer to hold long trades. There seem to be a major player interest in an downward movement.
  3. Upward price movement is accompanied by reversal signals of Profit Ratio indicator.
  4. MVP line is above the price and acts as a resistance level.
  5. The first target is at the level of the previous bottom - 1.257, and the second one, in case of an active price decrease, is at the level - 1.2535
    index: 1x 0.037287950515747s
t_/pages/forecast: 1x 0.030435085296631s
t_/common/header-new: 1x 0.01885199546814s
t_/common/head: 1x 0.015965938568115s
t_/common/footer-new: 1x 0.0024869441986084s
router_page: 1x 0.0012760162353516s
router: 1x 0.00079107284545898s
t_/popups/on-download: 1x 0.00049281120300293s
service-routes: 1x 0.00032901763916016s
router_redirection: 1x 0.00017094612121582s
t_/popups/zoom: 1x 1.6927719116211E-5s
----- END OF DUMP (2022-01-16 21:52:01)  -----