USDCAD - Upward trend will continue, Long trade by market price recommended
March 16, 2020 8:50:59 AM
Forecast Details
PairUSDCAD
Direction
Buy
StatusClosed (1.405)
+184 p
1.4050
Target 1
1.3865
Entry
-164 p
1.3700
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
- 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" sellers in a downtrend may indicate that the market expects the recovery of the bear trend. However, according to our analysis, this movement is corrective and we expect the price to go up
- MVP line is below the price and acts as a support level.
- We are focused on the breakdown of the previous peak, the target at the level of 1.405.