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 0.028865098953247s
t_/pages/forecast: 1x 0.027422189712524s
t_/common/header-new: 1x 0.017042875289917s
t_/common/head: 1x 0.014375925064087s
t_/common/footer-new: 1x 0.0029740333557129s
router_page: 1x 0.00073003768920898s
router: 1x 0.00055289268493652s
t_/popups/on-download: 1x 0.00043201446533203s
t_/common/cookie-banner: 1x 0.00031614303588867s
service-routes: 1x 0.00017786026000977s
t_/blocks/sidebar-afil: 1x 0.00013089179992676s
router_redirection: 1x 9.9897384643555E-5s
t_/popups/zoom: 1x 4.6014785766602E-5s
----- END OF DUMP (2026-08-05 17:27:08)  -----