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

July 17, 2019 8:51:40 AM by Alexander Zorevyk
Forecast Details
PairEURAUD
Direction Buy
StatusClosed (1.5975)
8:40
8:40
Jul. 17, 2019

+90 p
1.6120
Target 2
+50 p
1.6080
Target 1
1.6030
Entry
-55 p
1.5975
Stop Loss
Chart & Analyst Comments
The market has stabilized, the first signs of an uptrend appeared
  1. Since the CurrentRatio sentiment indicator informs us that the market crowd is selling, we should consider sticking to buy orders.
  2. Downward price movement is accompanied by reversal signals for Profit Ratio.
  3. The activity of "fresh" sellers in an uptrend may indicate that the market crowd still does not believe in a bullish trend.
  4. Our first target is at the level of the previous resistance - 1.608, and the second, in case of an active price increase, is at the level - 1.612