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

September 20, 2019 9:35:04 AM by Patrick Yang
Forecast Details
PairUSDCAD
Direction Buy
StatusClosed (1.3270)
Start
End
Sep. 20, 2019
Sep. 27, 2019
+120 p
1.3390
Target 1
1.3270
Entry
-110 p
1.3160
Stop Loss
Chart & Analyst Comments
main-buy-market-trend-1
  1. According to the most brokers’ data, more than half of the traders are currently in short positions on USDCAD. As a result, we recommend considering only Long trades at this time.
  2. The indicator shows a slight increase in sellers. This indicates that the market crowd responded to this level.
  3. Downward price movement is accompanied by reversal signals of Profit Ratio indicator.
  4. MVP line is below the price and acts as a support level.
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