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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 0.045557975769043s
t_/pages/forecast: 1x 0.041682958602905s
t_/common/header-new: 1x 0.023613929748535s
t_/common/head: 1x 0.018661975860596s
t_/common/footer-new: 1x 0.0045070648193359s
router_page: 1x 0.0021250247955322s
router: 1x 0.0010590553283691s
t_/popups/on-download: 1x 0.00086784362792969s
service-routes: 1x 0.00050592422485352s
router_redirection: 1x 0.00023102760314941s
t_/popups/zoom: 1x 4.4107437133789E-5s
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