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

EURJPY - Upward trend will continue, Long trade by market price recommended

February 1, 2021 7:16:15 AM by Alexander Zorevyk
Forecast Details
PairEURJPY
Direction Buy
StatusClosed (126.30)
7:13
7:13
Feb. 1, 2021

+100 p
127.90
Target 2
+60 p
127.50
Target 1
126.90
Entry
-60 p
126.30
Stop Loss
Chart & Analyst Comments
main-buy-market-trend-1
  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 activity of "fresh" bears while the upward movement may indicate that the market crowd still does not believe in a Bullish trend.
  3. MVP line is below the price and acts as a support level.
  4. The first target is at the level of the previous peak - 127.5, and the second one, in case of an active price increase, is at the level - 127.9
    index: 1x 0.037294149398804s
t_/pages/forecast: 1x 0.03316593170166s
t_/common/header-new: 1x 0.021353960037231s
t_/common/head: 1x 0.017806053161621s
t_/common/footer-new: 1x 0.0029401779174805s
router_page: 1x 0.0022778511047363s
router: 1x 0.0010731220245361s
t_/popups/on-download: 1x 0.00053977966308594s
service-routes: 1x 0.00046396255493164s
router_redirection: 1x 0.00022315979003906s
t_/popups/zoom: 1x 4.1961669921875E-5s
----- END OF DUMP (2022-07-05 18:39:07)  -----