USDCAD - Upward trend will continue, Long trade by market price recommended
February 10, 2020 7:46:23 AM
Forecast Details
PairUSDCAD
Direction
Buy
StatusClosed (1.329)
+145 p
1.3435
Target 1
1.3290
Entry
-140 p
1.3150
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: 2
Buy or Sell
Chart & Analyst Comments
- The Current Ratio indicator have reached a critical value, too many traders expect a downward movement. In this case, we recommend to Buy only.
- The activity of "fresh" bears while the upward movement may indicate that the market crowd still does not believe in a Bullish trend.
- 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.
- The MVP indicator shows the uptrend. We take this into account as one of the important factors in today's forecast.
- Here is the crucial stop loss level to serve as a goal for our Buy trade idea.
