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

September 2, 2019 7:02:40 PM by Patrick Yang
Forecast Details
PairUSDCAD
Direction Buy
StatusClosed (1.32)
Start
End
Sep. 2, 2019
Sep. 9, 2019

+115 p
1.3440
Target 1
1.3325
Entry
-124 p
1.3200
Stop Loss
Chart & Analyst Comments
USDCAD - Upward trend will continue, Long trade by market price recommended
  1. Most traders are still bearish, which indicates the need for us to continue to go buying USDCAD.
  2. The Ratios indicator demonstrates a change in the ratio of players in the market towards buyers. Their increase while the trend is still going downwards may indicate the activity of averaging traders. This can only serve as "fuel" for further downtrend.
  3. The activity of "fresh" sellers in an uptrend may indicate that the market crowd still does not believe in a bullish trend.
  4. We are focused on the breakdown of the previous resistance, the target at the level of 1.344.