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

Patrick Yang on FXSSI Patrick Yang Expert
main-buy-market-trend-1
Forecast Details
PairUSDCAD
Publication Time9/20/19 9:35 AM
Direction Buy
Status Closed (1.3270)
Sep. 20, 2019
Sep. 27, 2019
Forecast
+120 p
1.3390
Target 1
1.3270
Entry
-110 p
1.3160
Stop Loss
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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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