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

February 10, 2020 7:46:23 AM by Patrick Yang
Forecast Details
PairUSDCAD
Direction Buy
StatusClosed (1.3290)
Start
End
Feb. 10, 2020
Feb. 24, 2020

+145 p
1.3435
Target 1
1.3290
Entry
-140 p
1.3150
Stop Loss
Chart & Analyst Comments
main-buy-market-trend-1
  1. The Current Ratio indicator have reached a critical value, too many traders expect a downward movement. In this case, we recommend to Buy only.
  2. The activity of "fresh" bears while the upward movement may indicate that the market crowd still does not believe in a Bullish trend.
  3. We see a sharp increase in sell orders as indicated by a number of brokers, which may indicate an interest of a big market player. We are expecting an upward movement.
  4. The MVP indicator shows the uptrend. We take this into account as one of the important factors in today's forecast.
  5. Here is the crucial stop loss level to serve as a goal for our Buy trade idea.
    index: 1x 0.032583951950073s
t_/pages/forecast: 1x 0.030170917510986s
t_/common/header-new: 1x 0.019040107727051s
t_/common/head: 1x 0.016160011291504s
t_/common/footer-new: 1x 0.0024449825286865s
router_page: 1x 0.0013120174407959s
router: 1x 0.00062704086303711s
t_/popups/on-download: 1x 0.00051689147949219s
service-routes: 1x 0.00025582313537598s
router_redirection: 1x 0.00011992454528809s
t_/popups/zoom: 1x 1.2874603271484E-5s
----- END OF DUMP (2022-12-09 13:41:12)  -----