USDCAD - Upward trend will continue, Long trade by market price recommended
September 20, 2019 9:35:04 AM
Forecast Details
PairUSDCAD
Direction
Buy
StatusClosed (1.327)
+120 p
1.3390
Target 1
1.3270
Entry
-110 p
1.3160
Stop Loss
About Author
Patrick Yang
Expert
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Total votes: 6
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Chart & Analyst Comments
- 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.
- The indicator shows a slight increase in sellers. This indicates that the market crowd responded to this level.
- Downward price movement is accompanied by reversal signals of Profit Ratio indicator.
- MVP line is below the price and acts as a support level.
