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

September 13, 2019 11:05:16 AM by Patrick Yang
Forecast Details
PairEURAUD
Direction Buy
StatusClosed (1.6245)
Start
End
Sep. 13, 2019
Sep. 20, 2019

+164 p
1.6245
Target 1
1.6080
Entry
-165 p
1.5915
Stop Loss
Chart & Analyst Comments
The market has stabilized, the first signs of an uptrend appeared
  1. The ratio of buyers and sellers is close to parity, it's time to think about price turning up.
  2. The activity of "fresh" sellers in a downtrend may indicate that the market expects the recovery of the bear trend. However, according to our analysis, this movement is corrective and we expect the price to go up
  3. The Ratios indicator shows the change in the ratio of market players towards sellers. Their increase while the uptrend may indicate the activity of averaging traders. This can serve as "fuel" for further uptrend.
  4. The last upward movement has brought a volume of buyers, which implies a small price correction. Enter the deal with a Buy Limit order.