The market has stabilized, the first signs of an uptrend appeared
September 13, 2019 11:05:16 AM
Forecast Details
PairEURAUD
Direction
Buy
StatusClosed (1.6245)
+165 p
1.6245
Target 1
1.6080
Entry
-165 p
1.5915
Stop Loss
About Author
Patrick Yang
Expert
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Total votes: 4
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Chart & Analyst Comments
- The ratio of buyers and sellers is close to parity, it's time to think about price turning up.
- 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
- 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.
- The last upward movement has brought a volume of buyers, which implies a small price correction. Enter the deal with a Buy Limit order.
