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

March 16, 2020 8:50:59 AM by Patrick Yang
Forecast Details
Direction Buy
StatusClosed (1.4050)
Mar. 16, 2020
Mar. 23, 2020

+185 p
Target 1
-165 p
Stop Loss
Chart & Analyst Comments
  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" 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
  3. MVP line is below the price and acts as a support level.
  4. We are focused on the breakdown of the previous peak, the target at the level of 1.405.
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