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

May 17, 2019 11:28:19 AM by Patrick Yang
Forecast Details
PairEURAUD
Direction Buy
StatusClosed (1.6215)
Start
End
May 17, 2019
May 24, 2019

+140 p
1.6300
Target 1
1.6160
Entry
-140 p
1.6020
Stop Loss
Chart & Analyst Comments
main-buy-trend-2

For this forecast, we recommend to set Buy Limit at the following price - 1.616. This idea is based on the following analysis:

  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. The Profit Ratio reversal indicator doesn't react on upward movement. This means that the movement is not fake.
  3. The activity of "fresh" bears while the upward movement may indicate that the market crowd still does not believe in a Bullish trend.
  4. We see an accumulation of loss sellers below the current price in the right Order Book. This cluster can act as a support.
    index: 1x 0.03507399559021s
t_/pages/forecast: 1x 0.032049894332886s
t_/common/header-new: 1x 0.020003080368042s
t_/common/head: 1x 0.016729116439819s
t_/common/footer-new: 1x 0.0027828216552734s
router_page: 1x 0.0017220973968506s
router: 1x 0.00070714950561523s
t_/popups/on-download: 1x 0.00051689147949219s
service-routes: 1x 0.00029301643371582s
router_redirection: 1x 0.00013899803161621s
t_/popups/zoom: 1x 4.8160552978516E-5s
----- END OF DUMP (2022-12-09 06:27:12)  -----