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

January 9, 2020 8:25:42 PM by Alexander Zorevyk
Forecast Details
PairEURAUD
Direction Buy
StatusClosed (1.6235)
20:23
20:23
Jan. 9, 2020

+84 p
1.6320
Target 2
+55 p
1.6290
Target 1
1.6235
Entry
-64 p
1.6170
Stop Loss
Chart & Analyst Comments
The market has stabilized, the first signs of an uptrend appeared
  1. The Current Ratio indicator have reached a critical value, too many traders expect a downward movement. In this case, we recommend to Buy only.
  2. We are seeing an increase in Sell positions by market crowd, who are replenishing an already large number of "locked up" losing Sell positions.
  3. MVP line is below the price and acts as a support level.
  4. Stop loss should be taken out of the sellers cluster. If the price passes it, it will likely go on.