USDCAD - Upward trend will continue, Long trade by market price recommended
March 23, 2020 7:00:17 PM
Forecast Details
PairUSDCAD
Direction
Buy
StatusClosed (1.4275)
+250 p
1.4750
Target 1
1.4500
Entry
-225 p
1.4275
Stop Loss
About Author
Patrick Yang
Expert
Related Links
Buy or Sell
More Pairs
Thanks for Voting!
Buy
Sell
Look like you are with the Crowd.
Fix it with Sentiment Strategy
Fix it with Sentiment Strategy
Congratulations! According to Sentiment Strategy you’ve made a right
decision.
You've already voted this pair. You can vote again later (when?) or try voting other
pair.
Total votes: 6
Buy or Sell
Chart & Analyst Comments
For today's forecast, we recommend a Buy Order at this recommended market price - 1.45. This idea is based on the following analysis:
- The Current Ratio indicator have reached a critical value, too many traders expect a downward movement. In this case, we recommend to Buy only.
- The last downward movement was characterized by a “surge” in retail sellers. This is a good reason to start thinking about long positions.
- MVP line is below the price and acts as a support level.
- We are setting Stop Loss for our Buy trade at the level with the lowest amount of stop losses of other market participants.
