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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
Direction Buy
StatusClosed (1.3270)
Sep. 20, 2019
Sep. 27, 2019

+120 p
Target 1
-110 p
Stop Loss
Chart & Analyst Comments
  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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