EN

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 Time3/29/22 7:14 AM
Direction Sell
Status Closed (1.2475)
7:14
7:14
Mar. 29, 2022
Forecast
-65 p
1.2565
Stop Loss
1.2500
Entry
+60 p
1.2440
Target 1
Related Links
How to use MT4/5 Indicators Tools
Recommended by FXSSI
XM Group
2009
Visit Website
Your capital is at risk. *T&Cs apply

Chart & Analyst Comments

main-sell-market-trend-1
  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. The number of profitable sellers has exceeded 75%. The downtrend is in its active phase. This confirms potential for a Short trade.
  3. The activity of "fresh" buyers in an uptrend may indicate that the market expects the recovery of the bull trend. However, according to our analysis, this movement is corrective and we expect the price to go down.
  4. MVP line is above the price and acts as a resistance level.
  5. The risk-to-profit ratio allows us to set Take Profit for a Short trade at 1.244
    index: 1x 0.027551174163818s
t_/pages/forecast: 1x 0.025913000106812s
t_/common/header-new: 1x 0.016484022140503s
t_/common/head: 1x 0.013281106948853s
t_/common/footer-new: 1x 0.0023391246795654s
router_page: 1x 0.00076794624328613s
t_/popups/on-download: 1x 0.00049710273742676s
router: 1x 0.00044894218444824s
t_/common/cookie-banner: 1x 0.00029301643371582s
service-routes: 1x 0.00023102760314941s
t_/blocks/sidebar-afil: 1x 0.00014591217041016s
router_redirection: 1x 0.00013184547424316s
t_/popups/zoom: 1x 1.0013580322266E-5s
----- END OF DUMP (2025-08-15 02:56:08)  -----