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

April 15, 2022 11:45:53 AM by Alex Zarevich
Forecast Details
Direction Buy
StatusClosed (136.80)
Apr. 15, 2022

+95 p
Target 1
-85 p
Stop Loss
Chart & Analyst Comments
  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" sellers in a downtrend may indicate that the market expects the recovery of the bear trend. However, according to our analysis, this movement is corrective and we expect the price to go up
  3. The MVP indicator shows the uptrend. We take this into account as one of the important factors in today's forecast.
  4. Stop loss should be taken out of the sellers cluster. If the price passes it, it will likely go on.
  5. Set Take Profit at the local high, beyond which there is a cluster of orders.
    index: 1x 0.039210081100464s
t_/pages/forecast: 1x 0.036089897155762s
t_/common/header-new: 1x 0.021423816680908s
t_/common/head: 1x 0.017806053161621s
t_/common/footer-new: 1x 0.003108024597168s
router_page: 1x 0.0016880035400391s
router: 1x 0.00078082084655762s
t_/popups/on-download: 1x 0.00058698654174805s
service-routes: 1x 0.00032186508178711s
router_redirection: 1x 0.00015115737915039s
t_/popups/zoom: 1x 4.2915344238281E-5s
----- END OF DUMP (2022-11-30 05:01:11)  -----