EN

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

Alex Zarevich on FXSSI Alex Zarevich Expert
main-buy-market-trend-1
Forecast Details
PairEURJPY
Publication Time8/9/23 12:56 PM
Direction Buy
Status Closed (158.15)
12:56
12:56
Aug. 9, 2023
Forecast
+70 p
158.15
Target 1
157.45
Entry
-70 p
156.75
Stop Loss
Related Links
How to use MT4/5 Indicators Tools
Recommended by FXSSI
XM Group
2009
Visit Website
Your capital is at risk. *T&Cs apply

Chart & Analyst Comments

main-buy-market-trend-1
  1. According to the most brokers’ data, more than half of the traders are currently in short positions on EURJPY. As a result, we recommend considering only Long trades at this time.
  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. The MVP indicator shows the uptrend. We take this into account as one of the important factors in today's forecast.
  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.
    index: 1x 0.047126054763794s
t_/pages/forecast: 1x 0.043243885040283s
t_/common/header-new: 1x 0.02462100982666s
t_/common/head: 1x 0.020001888275146s
t_/common/footer-new: 1x 0.0055110454559326s
router_page: 1x 0.001680850982666s
router: 1x 0.0012190341949463s
t_/popups/on-download: 1x 0.00098991394042969s
t_/common/cookie-banner: 1x 0.000579833984375s
t_/blocks/sidebar-afil: 1x 0.00046896934509277s
service-routes: 1x 0.00031900405883789s
router_redirection: 1x 0.00014901161193848s
t_/popups/zoom: 1x 5.2928924560547E-5s
----- END OF DUMP (2025-03-23 19:56:03)  -----