Help Ukraine! Today, Ukraine Is Fighting for Freedom and the Future of Democracy in Europe. Help Ukraine! Donate Verified Charity

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 0.034083127975464s
t_/pages/forecast: 1x 0.031052827835083s
t_/common/header-new: 1x 0.019536972045898s
t_/common/head: 1x 0.016141891479492s
t_/common/footer-new: 1x 0.0024101734161377s
router_page: 1x 0.0015661716461182s
router: 1x 0.000762939453125s
t_/popups/on-download: 1x 0.0004889965057373s
service-routes: 1x 0.00031399726867676s
router_redirection: 1x 0.00013303756713867s
t_/popups/zoom: 1x 2.5033950805664E-5s
----- END OF DUMP (2022-05-22 05:00:05)  -----