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

March 19, 2020 9:23:55 PM by Patrick Yang
Forecast Details
Direction Buy
StatusClosed (1.4275)
Mar. 20, 2020
Mar. 27, 2020

+260 p
Target 1
-215 p
Stop Loss
Chart & Analyst Comments

For today's forecast, we recommend a Buy Order at this recommended market price - 1.449. This idea is based on the following analysis:

  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. In this sideways movement, retail traders prefer to hold short trades. There seem to be a major player interest in an upward movement.
  3. MVP line is below the price and acts as a support level.
  4. Here is the crucial stop loss level to serve as a goal for our Buy trade idea.
    index: 1x 0.038269996643066s
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router_redirection: 1x 0.00013995170593262s
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