The market has stabilized, the first signs of an uptrend appeared

July 29, 2019 4:39:19 PM by Patrick Yang
Forecast Details
PairUSDCAD
Direction Buy
StatusClosed (1.3220)
Start
End
Jul. 29, 2019
Aug. 5, 2019

+90 p
1.3220
Target 1
1.3130
Entry
-85 p
1.3045
Stop Loss
Chart & Analyst Comments
main-buy-trend-2
  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 decrease in the buyers volume, together with the increase in the sellers volume, confirms the need to Buy, according to our trading idea.
  3. In the left orderbook, we see a cluster of stop losses and stop orders right at the level of the previous peak. This is a good level for placing take profit according to our forecast.
    index: 1x 0.03561806678772s
t_/pages/forecast: 1x 0.032138109207153s
t_/common/header-new: 1x 0.020364999771118s
t_/common/head: 1x 0.01673698425293s
t_/common/footer-new: 1x 0.0026280879974365s
router_page: 1x 0.0015239715576172s
router: 1x 0.00080418586730957s
t_/popups/on-download: 1x 0.00051689147949219s
service-routes: 1x 0.00031185150146484s
router_redirection: 1x 0.00014805793762207s
t_/popups/zoom: 1x 1.7166137695312E-5s
----- END OF DUMP (2023-02-02 14:43:02)  -----