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

February 7, 2022 1:09:45 PM by Alexander Zorevyk
Forecast Details
PairEURJPY
Direction Buy
StatusClosed
13:06
13:06
Feb. 7, 2022

+60 p
132.50
Target 1
131.90
Entry
-55 p
131.35
Stop Loss
Chart & Analyst Comments
main-buy-trend-2
  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. We are seeing an increase in Sell positions by market crowd, who are replenishing an already large number of "locked up" losing Sell positions.
  3. When the price decreases, a signal is formed (orange labels), which implies an upward movement.
  4. MVP line is below the price and acts as a support level.
  5. We are focused on the breakdown of the previous peak, the target at the level of 132.5.
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