USDCAD - Upward trend will continue, Long trade by market price recommended
October 7, 2019 1:58:13 PM
Forecast Details
PairUSDCAD
Direction
Buy
StatusClosed (1.319)
+109 p
1.3410
Target 1
1.3300
Entry
-110 p
1.3190
Stop Loss
About Author
Patrick Yang
Expert
Related Links
Buy or Sell
More Pairs
Thanks for Voting!
Buy
Sell
Look like you are with the Crowd.
Fix it with Sentiment Strategy
Fix it with Sentiment Strategy
Congratulations! According to Sentiment Strategy you’ve made a right
decision.
You've already voted this pair. You can vote again later (when?) or try voting other
pair.
Total votes: 0
Buy or Sell
Chart & Analyst Comments
- For a while now, the Current Ratios indicator provides an opportunity for Long trade. We are using this signal as a basis for today’s trading forecast.
- In this sideways movement, retail traders prefer to hold short trades. There seem to be a major player interest in an upward movement.
- Downward price movement is accompanied by reversal signals of Profit Ratio indicator.
- MVP line is below the price and acts as a support level.
- These accumulation of retail traders stop losses coincide with the level of the previous high. This level will serve as the target for our trade.