EN

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

Patrick Yang on FXSSI Patrick Yang Expert
main-buy-market-trend-1
Forecast Details
PairUSDCAD
Publication Time9/2/19 7:02 PM
Direction Buy
Status Closed (1.3200)
Sep. 2, 2019
Sep. 9, 2019
Forecast
+115 p
1.3440
Target 1
1.3325
Entry
-125 p
1.3200
Stop Loss
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-buy-market-trend-1
  1. Majority of traders are still holding onto Shorts. This means we should continue to Buy USDCAD.
  2. The Ratios indicator shows the change in the ratio of market players towards sellers. Their increase while the uptrend may indicate the activity of averaging traders. This can serve as "fuel" for further uptrend.
  3. The activity of "fresh" bears while the upward movement may indicate that the market crowd still does not believe in a Bullish trend.
  4. We are focused on the breakdown of the previous peak, the target at the level of 1.344.
    index: 1x 0.033828020095825s
t_/pages/forecast: 1x 0.031416893005371s
t_/common/header-new: 1x 0.020324945449829s
t_/common/head: 1x 0.016665935516357s
t_/common/footer-new: 1x 0.0027167797088623s
router_page: 1x 0.0012979507446289s
t_/popups/on-download: 1x 0.0006098747253418s
router: 1x 0.0005490779876709s
t_/common/cookie-banner: 1x 0.0004730224609375s
service-routes: 1x 0.00024986267089844s
t_/blocks/sidebar-afil: 1x 0.00015807151794434s
router_redirection: 1x 0.00012397766113281s
t_/popups/zoom: 1x 1.5974044799805E-5s
----- END OF DUMP (2024-07-27 00:50:07)  -----