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

March 26, 2020 7:45:13 PM by Patrick Yang
Forecast Details
PairEURAUD
Direction Buy
StatusClosed
Start
End
Mar. 26, 2020
Apr. 2, 2020

+175 p
1.8425
Target 1
1.8250
Entry
-180 p
1.8070
Stop Loss
Chart & Analyst Comments
The market has stabilized, the first signs of an uptrend appeared
  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. In this sideways movement, retail traders prefer to hold short trades. There seem to be a major player interest in an upward movement.
  3. MVP line is below the price and acts as a support level.
  4. The price increase will be accompanied by the trigger of market crowd’s stop losses, which in turn will serve as a "fuel" for the upward movement.