USDCAD - Upward trend will continue, Long trade by market price recommended

September 27, 2022 8:49:47 AM by Alex Zarevich
Forecast Details
PairUSDCAD
Direction Buy
StatusClosed (1.3765)
8:49
8:49
Sep. 27, 2022

+100 p
1.3780
Target 2
+75 p
1.3755
Target 1
1.3680
Entry
-70 p
1.3610
Stop Loss
Chart & Analyst Comments
main-buy-market-trend-1
  1. The Current Ratio indicator have reached a critical value, too many traders expect a downward movement. In this case, we recommend to Buy only.
  2. The increase in sellers is observed both in the upward movement and in the retracement movements. Retail traders still believe in the possibility of price decrease.
  3. The MVP indicator shows the uptrend. We take this into account as one of the important factors in today's forecast.
  4. The first target is at the level of the previous peak - 1.3755, and the second one, in case of an active price increase, is at the level - 1.378
    index: 1x 0.034632921218872s
t_/pages/forecast: 1x 0.031568050384521s
t_/common/header-new: 1x 0.02000093460083s
t_/common/head: 1x 0.016842126846313s
t_/common/footer-new: 1x 0.0025119781494141s
router_page: 1x 0.0015969276428223s
router: 1x 0.00073695182800293s
t_/popups/on-download: 1x 0.00050497055053711s
service-routes: 1x 0.00028491020202637s
router_redirection: 1x 0.00013613700866699s
t_/popups/zoom: 1x 1.4066696166992E-5s
----- END OF DUMP (2022-11-30 04:48:11)  -----